accordance with the mandate conferred by its Charter and therefore contribute to achieving international peace and security. But peace and security can be con.~olidated only through development. Another general issue that we should like to put forward in this high-level forum is the following: what is the most important macroeconomic problem that we confront today, a problem whose solution ITUSt be sought through an integrated approach? An analysis of the question will undoubtedly cover the main issues we shall have to face throughout the 1990s. It should also be based on a diagnosis of the world economic situation that enables the unsolved problems of the 1980s to be integrated with the new issues in the international arena. I am referring specifically to the need to use a joint, interrelated approach to the problems of foreign debt, international trade, technological development and human resources, together with other matters that today receive preferential treatment and also affect the economic grCMth a1d development of the developing countries, such as the environment and population growth. They are interrelated in that they are all bottlenecks impeding the economic growth and development of the developing world. tli( ,I I' I : JP/jg A/S-18/PV. 2 133 (Mr. Cavallo, Argentina) Dealing specifically with the points established by decision 44/444, from our point of view, we can affirm that during the 1980s there were great change on the international economy. Analysing it fran a macroeconomic perspective, which is basically the objective of this special session, we see that the main parameters have been: the qrowth of real interest rates in relation to those of the 1970s, the volume of debt in the financial system, which helped accelerate the inflationary processes in the developing countries, bringing about a still unresolved instability in exchange rates, a progressive worsening of the relative 
**Analysis**
The text discusses the relationship between international peace and security, economic development, and various macroeconomic issues such as foreign debt, international trade, technological development, and human resources. It also touches on the impact of environmental and population growth issues on economic growth and development. This suggests that the text is primarily concerned with economic development and its connections to other global issues.

**Category**
Economic development, International trade