threaten the balance of the global ecosystem. The second half of the twentieth century has also produced more inventions and technological innovations than have emerged in the whole of previous human history. The combined effect of all these sophisticated discoveries has radically altered the structures of the production of goods and services, of industry and trade, of education and health, and of many aspects of social political organization. The post-war technological revolution, by transforming the industrial economy into one based more on brainpower, has both radically altered our concept of development and destructured our value systems, while paving the way for responsible macro-management of our planet. Until mid-century, men and goods, ideas and capital all circulated at the same speed. This is no longer the case today, when computers and satellites have made former concepts of time and space obsolete and have transcended frontiers and sovereignties. In addition, the notion of the nation-state, the fruit of the philosophical concepts and political institutions of the past two centuries, is now undergoing a metamorphosis brought about by world-wide structural changes. At the international level the modern State's sco~ for actioo is beinq narrowed by the need for economic regroupment, political integration, monetary union and the overall expansion of multilateralism. At the national level, the central State is gradually givinq way to the increased competence of local authorities, the development of associative life and the exercise of fundamental freedoms. In many developing countries economic policies based on so-called structural adjustment are being conceived and imposed by multilateral financial and developmental institutions. RM/14 A/S-18/PV. 4 62 (Mr. Benje11oun, Morocco) At the global level, transnational corporations and the major international banks have created networks to control data processing, the brain drain, the circulation of goods and the flow of capital, all acting on behalf of their own strategies and in disregard of national regulations. 
**Analysis**
The text discusses the rapid pace of technological advancements and its impact on various aspects of society, including economy, politics, and global governance. It highlights the emergence of new structures and institutions, such as transnational corporations and international financial institutions, which are shaping the global landscape. The text also touches on the concept of development, the role of nation-states, and the notion of sovereignty. Given these themes, it is likely that the text falls under categories related to economic development, international relations, and science and technology.

**Category**
Economic development, Industry, Science and technology