profound currents of chanqe of different kinds. They are political, because the chanqes which have taken Place in the East undoubtedly render outdated the traditional bipolar scheme on the basis of which we have been used to analysinq international societv. This makes hiqhlv possible an evoluticn towards a multipolar society in which the qrowinq co-operation between East and West will qive rise to a situation in which the problems of develoPment and North-South relations will be the main axis of international society, as well as the principal challenqe facinq it. In this sense, Spain is pleased about the recent developments and stronqly supports the processes of chanqe and democratization takinq place in Eastern Europe through co-operation, which should in no way be detrimental to co-operation with and aid to the developinq world. They are technological, because obviously the appearance of new technoloqies in fields such as telecommunications, information or data-processinq decisively affects the productive process and poses the need to incorporate these innovations into the economy; at the same time, it can alter the international division of labour and determine development processes. BCT/ASW A/S-18/PV. 7 13 (Mr. Yaftez Barnuevo, Spain) They are economic, because -also o~iously -the strategies aimed at achieving long-term growth and development cannot disregard the realities which at present affect the full effectiveness of these strategies~ here I have in mind external debt and structural adjustment, which undoubtedly will persist during the decade now beginning and which will hamper development if a solution is not found, especially in specific areas such as Latin America. At the same time, it should be ~ntioned that experience has underscored the individual nature of development processes and the differences between the problems and strategies particular to the various countries or qroups of countries commonly regarded as developinq. 
**Analysis**
The text discusses the profound changes taking place in the world, highlighting the impact of these changes on various aspects of international society, including politics, technology, and economics. The author emphasizes the need for cooperation and adaptation to these changes, particularly in the context of development and North-South relations. The text also touches on the importance of finding solutions to specific economic challenges, such as external debt and structural adjustment.

**Category**
Economic development, International trade