In concluding this statement, I should 1 ike to express the hope that this special sess:ion will generate a global consensus for increased international solidarity and a genuine alliance for peace. development, democracy, economic complementarity and prosperity for all nations. Mr·. ·MOULTRIE (Bahamas): Revolutionary political, economic and social events are rapidly unfolding in every corner of the globe. After a long and arduous struggle against the abominable and racist system of apartheid, Namibia is free and just a few days aqo formally joined the community of States Members of the United Nations. The Bahamas adds its voice to the words of welcome and congratulations to the Government and people of Namibia. Concerted international pressure led to th~" release of Nelson Mandela after 27 years of imprisonment. In Eastern Europe, countries have radically altered their approach to economic and political ~velopment, as nanifested in the far-reaching internal changes taking place within many countries. But the revolutionary events we are witnessing are not only political but also economic. We are seeing the multipolarization of the qlobal economic svstem. BHS/qa A/S-18/PV. 6 157 (Mr. Moultrie, Bahamas) Japan has emerqed as a new economic and financial centre. Sweepinq transformations are takinq place within the European Community, so much so that by 1992 the 12 countries of the Community would have unified their individual markets, with far-reachinq consequences for international trade and investment. The United States/Canada Free Trade aqreement is also a case in point. Technological improvements in rrass nedia have made the impact of these developments more powerful to the averaqe citizen. People's awareness of events has increased, and they are able to reflect on the differences which have divided us fer so long and the similarities which bind us toqether. In fact, the unusual 
**Analysis**
The text discusses global events, economic transformations, and technological advancements, indicating that it is focused on the economic and international aspects of development. The mention of international solidarity, alliance for peace, and economic complementarity further supports this hypothesis.

**Category**
Economic development, International trade