pavethewaytowards negotiations. Onlythrough negotiationsandtherenuncia tionIBG/8 A/40/PV.10 32 (Mr.Genscher, Federal Republic ofGerm~~y) offorcecanaccommoda tionbefoundbetween therightofIsraeltoexistwithin secureandrecognized boundaries andtherightofthePalestinian peopleto self-determination. Wesupport theregional efforts forpeaceofthecountries oftheAssociation ofSouth-East AsianNations (ASEAN). TheEuropean Community recognized fromthe verybeginning thattheeconomic andpolitical co-operation pursued bytheASEAN Stateswasanexemplary formofregional co-operation thatpointed thewayahead. TheASEANcountries' Kampuchea initiative intheUnited Na~ions cancountonour vote. Wearepleased thattalkshavebeenresumed between thetwopartsofKorea. Wesupportallefforts toeliminate tension ontheKoreanpeninsula. Thatshould alsoopenthewayforaccession totheUnitedNations. Toworkforpeaceintheworldalsomeanstoco-operate inordertomeet Itogethertheeconomic andsocialchallenges facedbymankind. NorthandSouthmust co-operate tobringaboutsuccessful development inthethirdworld. Northand Southmustalsoco-operate tocometotermswiththeglobalstructural transformation thatthethirdindustrial revolution willcauseoncethetransition hasbeenmadetotheageofinformation andcommunication technology. Thisnewage offersgreatopportunities tomankind. Itwillenabletheworldtogroweven closertogether andwillextendthescopeandtheneedforinternational co-operation. Itwillopenupnewopportunities fortheindividual responsibility andpe~sonal development ofeveryone. Theoneworldinwhichwelivetodaycannotremainapeaceful worldforlong ifitremains divided intorichandpoornations, intotechnically advanced and technically backward nations. Theestablishment ofatrulypeaceful worldmeans overcoming hungerandpoverty inallregions oftheworld.AI40/i>V.10 33 (Kr.Genscher, Pederal P~p¥bl!c ofGer~~Y) Ourlookbackat40yearsoftheUnitedNationsisal~alookbackat 40yearsofdevelopaent cO-OP3ration. Despitealltheprobleas thatrelMin unsolved, thelast40yearshavebeenaperiodofunprecedented economic growth, particularly forthethirdworld. Thegrossnational product inAsia,Africaand LatinAmerica grewby5.6percentannually duringthe30yearsfrom1950to1980; thatmeansthatitincreased fivefold. Between 1960and1982lifeexpectancy rose fromanaverageof42to49years;infantmortality wascutinhalf;andwhereas in 1960only50percentofthechildren received primary education, 94percent receiveitnow. Twocentral themesofthissessiosn oftheGeneral Assembly arethedebt crisisandthesituation inAfrica. Since 1~82wehavemadeprogress towards overcoming thedebtcrisis,butthecrisisisfarfroahaVingbeenmastered. it continues toticklikeatime-bomb intheworldeconomy andjeopardizes thegrowth andsocialstability ofthedeveloping countries, aswellasthehealthofthe banking systemintheindustrialized countries. Whatcanbedone? Firstofall,wemustfindjOf ..,1I1ethods forrestoring creditflowstoa normallevelandforenabling adequate resources toflowintothedeveloping countries. However, theveryvolumeofsuchfundsmeansthatthistaskcannotbe fulfilled bytheinternational financial institutio"s alone,norevenprincipally bythem.Private banksandinvestors mustcontinue toplaythemainrole.I appeal tothecommercial banksnottoshirkthisresponsibility. Fortheirpart, thedebtorcountries mustalsomakeeverypossible effortduringthecomingyears toreformtheirinternal economic policies andtofi~htinflation. onlyinthat waycantheystrengthen theirinternational. creditworthiness, createafavourable climateforinvestment andtermi!'latetheflightofcapital. Wemust,however, be awarealsoofthefactthatthedebtissueisnotonlyaneconomic andfinancial00/8 A/40/PV.lO 34-35 (Mr.Genscher, Federal Republic ofGerm~,yj issue;itisalsoapolitical question. Itisaquestion ofthesocialpeaceand internal stability ofthedebtorcountries. Theymustnotbeconfronted with impossible demands. Theservieing offoreign debtmustnotbepaidforinthe thirdworldwithrecession, unemployment andhunger, orwithathreattofreedom, ~emocracy andindepepdence. Secondly, ifthedebtcrisisistoberes~lved, further interest-rate reductions ~~erequired. Theindustrialized countries mustpursueaneconomic and financial policythatenablesinterest ratsstobereducedfurther. Theymust reducetheirbudgetdeficits. Thirdly, themarkets oftheindustrialized countries mustremainopento Gevelop~~" ~ountries; theymustbeopenedevenwider. Protectionism isadanger notonli ~oeconomic growthintheindustrialized countries; protectionism isa deadlydangertothedeveloping countries. Freeworldtradeisofvitalimportance tothedeveloping countries. Onlyiftheindustrialized countries openuptheir markets toexports offinished andsemi-finished products fromthedeveloping countries canthelatterbemorefirmlyintegrated intotheworldeconomy. Whoever deniesthethirdworldaccesstoitsmarketsisdenyingitdevelopment. The Federal Republic ofGermany supports openmarkets, particularly withregardtothe
**Analysis**
This text appears to be a speech or statement by a high-ranking official, likely a foreign minister or head of state, discussing global issues, international cooperation, and economic development. The speaker mentions specific topics such as debt crisis, economic growth, and international trade, which suggests a focus on economic development and international relations.

**Category**
Economic development, International trade