away' partly by the rather abrupt end of the era of cheap energy, partly by thedisequilibrla in lnternationar nbnetary and financiar "riang.."tti"-, partry bynisconceptions of econornic policy, and sornetines by the cyclicar nature of grobalecononic factors. These partial expr-anations did not take furl account of thefuller implicatlons of th; fihite niture of the worrd's hunan, naturar and r1ateriarresources. The nature and extent of the resources consumed by the intensified armsrace in the 1970s are being increaslngry viened as having negitiver,y affecteal the global economlc prospects for the l9g0s] short- and r€diun-tern econornr.cprojections prepared by the united Nations Econonic and social councir in rgglsuggest that substantlve progress in the fieral of disarnanent and the newinternational economic order can slgnificantly irnprove the gtobal economicProsPects (see E/198r/rl3' para. 3). But a .ituation of prolonged procrastinationin the estabrishnent of a new internatlonal economic order and of virtual starematein -disarlarnent negotiations preaent. too foreboding a conbination to pernit evennode.tly optinistic econonic projections for the 19g06. The basic inlonpa tibiJ. ttybetween the stated goals of a new interhationar econonic order and a continuingarns race was clearry stressed by the Finat Docunent of the Tenth special sessionof the ceneral i:sirnbfy (resolution s-LO/ 2,, the first special session devoted to qlsarnanent, herd in 1979. since then it has been reiterated in the secretary-GeneraLts report on the relationship betkeen disarnament and developrne nt (A/36/356).which unequivocar.ly states that the rrorrd can either continue to iniurge in arnindless arms race or n've with deriberate speed tonards the estabrish;ent of a new int€rnatiohal economic order: it cannot do ;;G.
**Analysis**
The text discusses the impact of the end of cheap energy and the arms race on the global economy, highlighting the importance of establishing a new international economic order. It also touches on the relationship between disarmament and development, suggesting that the world cannot continue with an endless arms race and also establish a new international economic order. The text focuses on the macroeconomic and international aspects of these issues, making it more likely to be related to economic development and international trade.

**Category**
Economic development, International trade