When the General Assembly devotes a special session to international economic co-operation and, in particular, to the revitalization of the economic growth and development of the developing countries, this represents a sound trend, one which enables us to take stock of recent achievements in political dialogue and consultations. It also enables international co-operation to keep up with the current qualitative changes in international politics. In fact, the improvement in the international political climate highlights today more than ever the widening gap between the affluence of developed countries and the pover·ty of developing societies. It emphasizes once again, in the context of the discrepancies created by the present international economic system that international co-operation for development cannot be kept outside the mainstream of world affairs forever, inasmuch as it is a process of significant events and continuing changes, at both the domestic and international levels. The events of this last decade of the twentieth century present us with a principal challenge, namely, development in a context of equality. solidarity and balanced gains for all. Without such development, lasting peace and security cannot be established. An objective examination of the international economic situation and the state of economic co-operation is bound to cause concern. First, how can we fail to notice, at first sight, the flagrant contradiction between the continued growth of the developed countries for many years now and the stalemate, and even economic retrogression, experienced by the majority of developing countries? How can we justify, in such a context, the record levels of. the massive negative net transfer of resources from developing to developed countries, which has been estimated to be in the order of $188 billion for the period 1984-1989, and which exceeded $51 billion in 1989 alone? RM/19 A/S-18/PV. 3 86 (Mr. Ghozali, Algeria) 
**Analysis**
The text appears to be focused on the international economic cooperation and development of developing countries, highlighting the disparities between developed and developing nations. It emphasizes the need for development in a context of equality, solidarity, and balanced gains for all. The text also references the negative net transfer of resources from developing to developed countries, indicating a focus on the economic aspect.

**Category**
Economic development, International trade