"should be directed towards global econpmic growth and social development, rather than be:ing focused on the limited objectives of a small group of nations". Let me say that the Ghana delegation fully supports the statement delivered yesterday on behalf of the Group of 77 by the Minister of Planning and Co-ordination of Bolivia. But let me emphasize one point. Recent developments in the world political and economic situation relating to East-West relations, the formation of regional trading blocs and the possible integration of the socialist countries into the mainstream of the world economy present unique opportunities for forging a strengthened world economic system beneficial to all. They should not lead to the marginalization of the developing countries or the reinforcement of the RH/3 A/S-18/PV. 4 8 (Mr~ Obed Asamoah, Ghana) prevailing standards of economic relations between the developed and developing countries. Let us accePt the challenges of our time and strive together to meet them. In conclusion I should like to express the great delight of my delegation and all the people of Ghana at seeing Namibia join the ranks of the United Nations membership. Namibia's accession to independence shows what the United Nations is capable of doing when the entire membership respects the principles and objectives of the Charter and accePts the equality and brotherhood of mankind. Mr. · OMAR (Malaysia): Mr. President, it is indeed a pleasure for me personally and for my delegation to see you presiding over this important special session. I also wish to pay tribute to your skilful stewardship of the forty-fourth session, as well as to pledge our full co-operation. Like previous speakers, I too should like to welcome Namibia into the comity of nations, which marks the successful culmination of a heroic struggle. We are 
**Analysis**
The text primarily focuses on the global economy and its relationship with developing countries, highlighting the importance of forging a strengthened world economic system that benefits all nations. It also touches on regional trading blocs and the integration of socialist countries into the global economy. The mention of Namibia's accession to independence and the United Nations' role in achieving this milestone adds a layer of international relations and diplomacy to the text.

**Category**
International trade, Economic development