success of the session. Lastly, we acknowledge the work of the Preparatory Committee for the special session and its Chairman, Mr. Constantine Zepos, Ambassador of Greece, for the long meetings, both by day and by night, spent preparing the final Declaration of the General Assembly, which we hope will be adopted bv consensus. In 1975, in this very hall, Member States met in special session to debate the economic problems of the time. The developed and developinq States reached an agreement enshrining the determination of them all to do their utmost to eliminate the inequality and injustice of which the developing countries were victims. All reaffirmed the urgent need to correct the economic imbalances between the poor and rich countries, with a view to pronotinq international peace and securi tv. To that end a substantial juridical-institutional arsenal was created to support the implementation of that common will of the world's peoples. JSM/jl A/S-18/PV.8 21 (Mr • Mbonimpa; Burundi) In 1988, 13 years after the seventh special session, the General Assembly, noting that the promises made were far from having been kept, decided to cnnvene another such session. Indeed, the initial enthusiasm and euphoria were followed by a Phase of disenchantment and dashed hopes. It is acknowledqed by all, however, that it is norally unacceptable for two thirds of mankind to continue to be doomed to an existence of acute hardship and poverty while the rich keep on getting richer. Indeed, whereas the developed countries have had sustained growth, the situation in some developinq countries has deteriorated. A report of the United Nations Conference on Trade and Development (UNCTAD) tells us that the number of countries in the least developed cateqory went from 24 in 1971 to 42 in 1990, that the average per capita gross dbmestic product 
**Analysis**
The text appears to be discussing the economic development of countries, specifically the disparities between developed and developing countries, and the efforts of the United Nations to address these issues. It mentions the creation of a "juridical-institutional arsenal" to support the implementation of economic policies and the UNCTAD report on the number of least developed countries.

**Category**
Economic development, International trade