magnet for international monetary flows and foreign capital. JSM/td A/S-18/PV.2 99-100 (Mr. Moussa, Egypt) The challenqe is to see to it that this new force in the international system will, in so far as possible, act in favour of the international community, benefiting both developed and developing countries. If this inteqration fails to stimulate co-operation and to promote gr01o1th and development, in particular in the developing countries, it will work to the detriment of those countries, thereby perPetuatinq their state of underdevelopment. The third factor is the shift in the balance of economic power. in the 1980s with the emergence of new forces and regional economic blocs, in particular the total integration of the European Economic Community in 1992 and the entry into force on 1 January 1989 of the free exchange agreement between Canada_and the United States. The fourth factor, but by no means the least important, is the heightened awareness and acknowledgement on the part of the international community that mankind, with its enthusiasm for industrialization and proqress, has adopted means of production and consumption which damage the environment and could endanger the future of the entire world. To be sure, we have begun to take all of those factors into consideration and to work seriously towards arrestinq the deterioration of the environment and preservinq it for future generations. JB/22 A/S-18/PV. 2 101 (Mr. Moussa, Eqypt) I have tried to review briefly certain facts which dominate this historical era, and in that light I should now like to present some broad guidelines that would allCM international economic co-operation to meet those new realities. I shall begin with F.qypt's experience. As a developing country, Eqypt suffers from typical third-world problems. We have laid down policies and measures with a 
**Analysis**
The text appears to be a speech or statement about the current state of international economic cooperation and its challenges. It mentions the emergence of new forces and regional economic blocs, the shift in economic power, and the need to address environmental concerns. The speaker also references their country's experience as a developing nation, highlighting the typical challenges faced by such countries. Given the focus on international economic cooperation, environmental concerns, and development, it is likely that the text falls under a category that encompasses these themes.

**Category**
Economic development, International trade