regional community will we gain the power to solve such grave common problems as the external debt, and enable our economies to participate in international markets. We are small and we are poor but our ideals give us stature. 1 The national reconciliation we are seeking in Nicaragua, as in ongoing efforts towards reconciliation throughout the world today, has no grander objective than to * strengthen individual rights. The smaller a country the better it understands and feels the value of human rights. In this sense, and in the name of Nicaragua, I proclaim our firm commitment to support the United Nations Decade for International Law. Permit me now to turn from the encouraging prospects for the future to the urgent needs of the present, It has been said, in honour of our gender, that women are the guardian angels of the present. A woman with a child in her arms knows that the future is the present. Without doubt we in Nicaragua have opened our arms to peace and democracy. Today Nicaragua confronts a situation similar to that faced by some countries at the end of the Second World War. We know that our own efforts will be essential and a turning-point in the reactivation of our economy, through an economic and social compact, a process we began on the twentieth of this month among workers, business and government. This is a new style of government in Nicaragua. We recognise and accept our responsibility to realize adjustments and transformations which will make our economies viable. However, this effort must be PKB/PLJ A/45/PV.10 23 (President Barrios de Chamorro) complemented by international co-operation, including preferential treatment. We view international co-operation, not as a substitute for our own efforts, but as a necessary additional element to achieve steady development and growing participation in international trade. 
**Analysis**
The text primarily focuses on the economic development and international trade of Nicaragua, as well as its commitment to human rights and democracy. The speaker emphasizes the importance of domestic efforts to revitalize the economy and international cooperation to achieve steady development and growing participation in international trade.

**Category**
Economic development, International trade