countries. There is therefore a continuous need to stabilize and increase those earnings while also promoting diversification. The United Nations must play an enhanced role in stimulating an activated international co-operation. I am convinced that the need for the United Nations will increase during the 1990s. However, it is also obvious that inefficiency, duplication of work and a lacking sense of priorities often can be found in United Nations economic and social activities. For this we, the member countries, carry much of the blame. In view of the serious situation in developing countries and the many urgent tasks that have to be addressed, this imperfect performance of our Organization should be remedied before long. The comparative advantages of the United Nations have to be thoroughly explored with a view to increasing effectiveness. Let us deal with the challenges of global equity and balance in a practical and tangible way during the last decade of this century. Let us, then, on this venture fully utilize the United Nations and its unique potential. JSM/ASW A/S-18/PV. 3 9-10 ADDRESS BY MR. GUILLERMO LAROO OOX, CHAIRMAN OF THE COUNCIL OF MINISTERS AND MINISTER FOR FOREirn AFFAIRS OF THE REPUBLIC OF PERU The PRESIDENT: The Assembly will now hear an address by the Chairman of the Council of Ministers and-Minister for Foreign Affairs of the Republic of Peru. Mr. Guillermo Larco Cox, Chairman of the Council of Ministers and Minister for Foreign Affairs of the Republic of Peru, was escorted to the rostrum. The PRESIDENT: I have great pleasure in welcoming the Chairman of the Council of Ministers and Minister for Foreign Affairs of the Republic of Peru, Mr. Guillermo Larco Cox, and inviting him to address the General Assembly. Mr. LARCO OOX (Peru) (interpretation from Spanish): Yesterday we witnessed the admission of the Republic of Namibia to the community of nations 
**Analysis**
The text discusses the importance of the United Nations in promoting economic development, stability, and cooperation among its member countries. The author highlights the need for the UN to play a more effective role in addressing global challenges, including poverty and inequality. The text also touches on the importance of international cooperation and the need for the UN to utilize its unique potential to achieve its goals.

**Category**
Economic development, International trade