North. The United Nations is the ideal forum for giving new impetus and vitality to international co-operation, so that no one will find himself confined to the status of a rejected person where prosperity and progress are concerned, and so that, in the final analysis, all the conditions for lasting peace and security will exist. Mr. FIGUEREDO PLANCHART (Venezuela) (interpretation from Spanish): We have come here in the conviction that international economic co-operation must be adjusted to the significant changes occurring on the international scene. There can be no doubt that the most s~gnificant of those changes is East-West detente, which affords a historic opportunity for the effective and more stable revitalization of co-operation between our countries. At the same time, if we wish our efforts to be crowned with success, the new machinery for action must regard economic and social development as an integrated and harmonious process based upon the collective and individual self-reliance of the developing countries as well as their active presence in the world economy. BCT/gt A/S-18/PV. 3 94-95 (Mr. Figueredo Planchart, Venezuela) Our efforts must be based on solidari tv. Nationalism pushed to extremes has ( very often eclipsed the accomplishment of global objectives of the international community. But those objectives are vital in order to complement our efforts at the regional and subregional levels. Integration as a mechanism which facilitates economic interaction, particularly in the trade and investment sectors, is a key factor in combining political and technological interests. It will reinforce the dynamics of the East-West detente process and certainly will prevent possible conflicts from being transferred to those regions of the South. Problems of production and trade, investment and finance, growth and development and the environment, and giving adequate attention to social problems 
**Analysis**
The text discusses the importance of international cooperation, economic development, and East-West detente, highlighting the need for a harmonious process of economic and social development. It emphasizes the role of integration, trade, investment, and finance in achieving global objectives.

**Category**
Economic development, International trade