itsrOle,notonlywithregardtointernational peaceand~curity orthe liberation ofoppressed peoples sothatthcaYmayachieve self-determination, but alsotobuildabetterworldinwhichthepeoples enjoyab!tterqualityoflife. Mr.A.K.KOROMA(Sierra Leone): Permit meonbehalfoftheSierraLeone delegation andon~ownaccount, toextendtoMr.dePiniasheartiest congratulations onhisunanimous election tothehighofficeofPresident ofthe General Assembly atitsfortieth session. Hislongexperience withinthis Organization cchiscountry's representative foranappreciable periodassures us ofthequalities hepossesses asadiplomat andadistinguished statesman. Undoubtedly thoseattributes qualify himtoguideourdeliberations duringthis historic sessiontoasuccessful conclusion. Allowmealsotoexpress m¥delegation's appreciation tohispredecessor, Mr.PaulLusaka, fortheableanddevoted mannerinwhichheborethe responsibilities ofPresident oftheGeneral Assembly atthethirty-ninth session. Mydelegation applauds hiseffortstoachieve theobjectives ofourOrganization. Ialsocommend ourSecretary~neral andhisstafffortheirtireless efforts tohelpusachieve theaimsandobjectives ofourOrganization. Onbehalfofmydelegation, Iwishtojointhosewhohavepreceded mein expressing profound sympathy withthepeopleofMexicoonthedevastating earthquakes whichstrucktheircountry. Wesupport thecallforassistance tomeet boththeshort-andlong-term needsofMexico. Fortyyearsago,concerned astheinternational comm~nity wasaboutthe prospects forpeaceand'security inthatturbulent world,thesignatories tothe Charter oftheUnitedNations didnotfailtorecognize theurgentandburning needA/40/PV.13 115 (Mt.A.K.Koroma,SierraLeone) ,.toprOllOtetheeconOllic andsocialadvancement ofallpeoples. Tothatend,we createdinstitutions whichoverthelast40yearshaveattested toourcommitment totheinternational consensus onthedutiesandobligations ofstatesand individuals inthefurtherance anaachievement ofthenobleaimsandobjectives of theUnitedNations. \'\.A/40/PV.13 116 (Mr.A.R.Rogoma, SierraLeone) Fortyyearslater,aswetodayreview andappraise ourprogress inthe realization oftheidealsandgoalsoftheinstitutions wecreated, wear~also compelled tomakeant)verall assessment ofthepolicies, progr==es e."1dmtu::ha!'!!ems whichweh&vE'Jutilized torealize thoseobjectives. Itismyhopethatthis fortieth session oftheGeneral Assembly willmakeanhonestandrealistic evaluation ofoursuccesses andinadequacies. Thefortieth sessionoftheGeneral AsseDb1y sitsuncanfortably amidst renewed uncertainties aboutthedirection, thestrength andthepaceoftheworldeconomy. Tobesure,wehavewitnessed sincethefounding ofthisOrganization agreat upsurge ineconomic output. Theworldhasseenmassive changes. OUrliveshave beenrapidly transformed bynewdiscoveries, newideasandnewtechnology. The growthinoutput andthechanges attendant ontechnological development have engendered anewoptimism. Unfc.::tuna tely,theeventshavebeliedthepromise. Erratic exchange rates,tradeimbalances, heavydebtburdens, increased population, theproblemoffoodandthe-policies ofcertain institutions andGovernments have visibly erodedouroptimistic expectations. Itisagainst thisbackdrop thatthe economies ofcountries likeSie!raLeonehavestagnated and,indeed, evenyielded negative growthratesoverthelastfiveyearsorso.However, westillcherish thehopethatitisnotbeyond theimaginationandintellectual capacity,oreven thewill,ofthisAssembly toproffer solutions totheseapparently intractable problems. Itismydelegation's humbleviewthatifthesalvation oftheworldeconomy istobeassured theinternational community mustrecognize theneedforconcerted actionbyalargegroupofcountrieswhich,together, canprovide thenecessary impetus totheworld's engineofgrowth. Whatweobserve today,however, isthatA/40/PV.13 117 (Mr.A.K.Koroma, SierraLeone) certain institutions prescribe specific policyreforms fordeveloping countries thati1lp)seund",ehardship ontheirpopulations and,consequently, produce social sustained economic growth. However, thoseinstitutions shouldbeawarethatthe successful tmplementation ofth~irstrategies andpolicies inanyparticular country depends toaconsiderable extentonotherfactors intheinternational environment. Suchfactors ofteninclude thedomestic policies ofindividual Governments inthedeveloped marketeconomies. How,onemustask,cantheeconomy ofadeveloping country likeSierraLeone successfully realize theobjectives ofthesestrategies andpolicies when deliberate policy-induced actions onthepartofsomeStatescan,atbest, frustratethemainendeavour sofmanydeveloping countries.Thoseinstitutions mustalsoknowthatsuchactions constitute aretreat fromthemultilateral consensus inwhichwealljoinedwhenweproclaimed, alittleover.adecadeago,
**Analysis**
The text discusses the challenges faced by developing countries, specifically Sierra Leone, in achieving economic growth and self-determination. It touches on issues related to international trade, economic policies, and the impact of external factors on a country's development. The speaker also mentions the importance of international cooperation and the need for a concerted effort to address global economic issues.

**Category**
Economic development, International trade