the session will be addressing. ~ delegation fully associates itself with those concerns. We are meetinq today at a propitious moment to demonstrate to the world that we have the political determination necessary to reactivate the dialoque between the developing and the develoPed countries and to manifest a new spirit of international economic co-operation. ~ delegation sincerely believes that this dialogue will be serious, meaningful and constructive. It is therefore essential that we should take a new approach, one based on recognition of the great economic transformation the world has experienced. The session will also provide an apport unity to arrive at a common understanding of the economic and social priorities for development in this cecade and a cx:msensus among all oountries to meet the challenges of the 1990s in a spirit of multilateralism. JB/9 A/S-18/PV. 6 36 (Mr. Jaya, Brunei Darussalam) Economic Problems beco~ global when their solutions cannot be achieved within the boundaries of States. When thinking about global economic problems, most people experience a profound sense of frustration because of the persistent failure to implement seemingly obvious neasures that would dramatically increase the level of world economic order. Since the solutions to so many global economic problems seem to bring mutual benefits to developed and developing countries alike, the failure to implement the necessary changes often seems inexplicable. We live in a world in which interdependence between developed and developing countries exists. The international movement of goods, capital and people has globalized market.s, made breakthroughs in technoloqy and revolutionized information. That has caused shifts in international economic relations and the developnent process. Only through integrated and co-operative efforts will the problems that we are facing today be minimized. In order to sustain world economic growth and ensure that the benefits are shared more broadly among nations and 
**Analysis**
The text discusses global economic problems, the need for cooperation between developed and developing countries, and the importance of recognizing the great economic transformation the world has experienced. It emphasizes the need for a new approach to address these problems and ensure sustainable world economic growth. The language used is formal and diplomatic, suggesting that the text is likely from a United Nations or international organization meeting.

**Category**
Economic development, International trade