the volume of international trade, which would in turn benefit the industrial nations as well; in addition to bilateral negotiations between debtors and creditors, with the purpose of writing off some of the debt, an international fund may be created under the auspices of the United Nations system to finance another JSM/bg A/S-18/PV. 9 68 (Mr. Maksoud, League of Arab States ) portion of the debt which can be forgivent rescheduling of the remaining portion of the debt mav then be pursued with a reasonably lengthy grace period, without having to attach certain conditions which may be counterproductive - to insist, for example, on removing all subsidies in a short period of time as a condition for debt rescheduling could be politically destabilizing. This special session of the General Assembly has been very useful in drawing the policy outlines for restructuring the global economy along lines which ought to prevent a continued dichotomy between developed and developing societies. The . decade of the 1990s must prepare all of us to welcome the twenty-first century, whereby we are all sufficiently developed institutionally in order to ensure that we all continue developing towards a more equitable world community. The intellectual ferment we are experiencing can augur well for the United Nations system, which has to be the arena for cross-fertilization of ideas and experiences. The purpose can no longer be confined to a process of familiarization among nations but, more important, it must be broadened to include the mutual sensitivities of each other ’s needs and requirements. This session was definitely a serious beginning. It triggered the quest for an overall strategy of response to the new and compelling challenges of our times. The PRESIDENT ; In accordance with the decision taken by the Assembly at 
**Analysis**
The text primarily discusses the restructuring of the global economy, international trade, and debt relief, with a focus on the relationship between developed and developing societies. It also touches on the role of the United Nations in facilitating cooperation and dialogue among nations. Given the emphasis on economic and international relations aspects, it is likely that the text falls under one of the categories related to economic development and international cooperation.

**Category**
Economic development, International trade