The continuing global economic recession hala b8d a considerslPe adverse impact on th8 economic and SOCi81 lfoll-bring of ull Mtions. Iofl8tion, high intmre8t r8t8sr 8 dmnge-r8te instability. rising uasmploymsat, slow grovtb asd protectionism h8v8 811 t8kea th8ir toll on our national ecosamies. &a th8 po8itiv8 8id8, Eut8rn Europe’s 8conomic transition could offer n8w opaortunitE88 for davelophg economies through incr8ased d8mand for tb8ir comBodities. #8 bo1iW8 til8t ClOSW CO-Owr8tiOn ktU88n developed alId dW81OpiSl9 coustri88 $8 now mot0 importmt than 8V8r. Th8 lmnaf&ts from new mark8ts in mst8ra BurOp8 XU8d to b8 8V8nfy shnred if op8n trading rel8tioao at8 to be m8int8in8d. The possibl8 htHWfU1 iRQaCt Otl the finWlCi8l rOSOUrCB8 Wai1Eib18 t0 thu d8v8loping world must bm minimised. Ths formation of th8 Asia-Pacific economic co-operation group is intended to dev8lop closer co-operation between countries in the A8ia-Pacific ragiou, end also to 8ccoImodat8 dsv8lopisents taking plsc8 in Eastern Europ8 and elreuh8re. The Lad IV Convention, which wau signed on 15 Decemb8r 1989, eonteLns 1x8~ concepts and ideas, vhicb nake it diffOr8nt from the three prec8ding arrangements. Lo& XV COntainI inCr8as8d finaDCia1 packages for Africa& Caribbean 8nd Pacific (ACP) countries, and includes now provisionn for structural adjuatmenta and assistance to ACP countries facing 88vere balance-of-payments difficulties. It is of COusidOrabl8 importance to ACP countries that thm levels of dovalopaent assistance agreed to in Lam6 IV remain unaffected by the opening up of East8rn BuroPe '0 wider contacts in thb rest of the v4rld. ray adjustment or ---L----L---I-- -a A%- ---*a L--al-- rrrb*uul.u&aby YL C,‘ti4 "YLIU Q.*uu*o.by YUY ..YYYba."I mHYbY.*I ‘IIYYL YVL --. a1----1-. ---a.-- -..-a. --a. -a..----... -s.-rL YY.Y.YYI~ "L&YCG the position of the developing countries. yhe shifting of focusa as well as the diversion of ffnaocial rmioorceti For developed countrier to East8rn Europe, would 
**Analysis**
The text discusses the impact of the global economic recession on various countries, including the developing world, and the potential benefits of economic cooperation and trade. It also mentions the importance of maintaining levels of development assistance to certain regions. These themes suggest that the text is primarily focused on economic issues.

**Category**
Economic development, International trade