countries asthemostimportant challenge ofthe1990s. Interdependence maysoundlikeacliche, butinmorethanonesenseitcasts itsnetoverallnations. Economically, theworldisrapidly becoming one.This hascompelled afundamental rethinking ondevelopment andagrowing convergence of viewsoneconomic policies. OurDeclaration, Idaresay,isinfused withthat spirit. Attheinternational level,theDeclaration signifies abroadglobalconsensus onthesharedresponsibility ofallcountries forthereactivation ofgrowth and development indeveloping countries. ItcommitsallGovernments totakethe necessary stepstoreverse theadverse trendsofthe1980sandmoveintoamore productive decade. Tothatend,itspellsouttheobligations ofallgroupsof countries.Theindustriali zedcountriesarecalled upontopursuepoliciesthat wouldhelprestore afavourable international economic environment andgiveurgent attention toadurable andcomprehensive solution tothedebtproblems.of developing countries. Furthermore, theneedforthemtoprovide substantial external resources andensur.e anopenandcredible mUltilateral trading systemisalsounderscored. ,I !iIEMS/12 A/S-18/PV.ll 48 (ThePresident) Thedeveloping countries areurgedtomobilize theirhuman,financial and physical resources through effective national policies whichshouldhaveastheir mainobjective thebetterment ofthehumancondition andtheenhancement ofthe contribution ofallpersons todevelopment. Allcountries areurgedtointegrate environmental concerns intotheir national policies andtoreducemilitary expenditures duringthe1990s. Thereis nooneamonguswincouldarglieagainst thoseimperatives. TheDeclaration callsupontheinternational community tosupport theefforts oftheEastern European countries tointegrate themselves intotheworldeconomy - without, ofcourse, detracting fromthehighpriority ofinternational assistance tothedeveloping countries. Theinternational community acknowledges onceagainintheDeclaration the majorresponsibility oftheUnitedNations familyororganizations inthegreat taskofrevitalizing growth anddevelopment inthe1990s, andtothatend,iturges themtoplayalargeroleintheprocess. Whileglobaldevelopnent and co-operation maynotbebasedonaltruism, thereisanimperative need,givenour globalinterdependence, toensurethatthosenations whicharebetter endowed and developed shouldtreatmorehumanely andwithgreater morality theplightofthe lessweIIendowed andtheleastdeveloped countries. Theconcluding partoftheDeclaration reflects asolemnpledge byallMember Statestorespond tothechallenges andcommitments contained initthrough their national policies andenhanced international co-operation. Itonlyremains forme tosaythatifthisDeclaration isindeedtobeawatershed -asIearlier expressed thehopeitwouldbe-thenallMemberStateswillneedtolendcredence toourcollective wordsbytranslating themintonational actions andpolicies and intogenuine co-operation amongthemselves. Inthatwaywecan,working together, inaugurate anewperiodofpeaceandprosperity forall.EMS/12 A/S-1B/PV.ll 49 (ThePresident)- Giventheimportance ofthisdocument andthehopeitholdsoutformany developing countries, IhopethattheSecretary-General willestablish amechanism tomonitoritsimplementation. Beforeclosing, letmesayhowgrateful Iamtoallmembers forthe co-operation theyhaveextended tomeinthepastfewdaysofarduous negotiations andfortheopenness, understanding andflexibility demonstrated byallsides, whichmadeagreement onthishistoric Declaration possible. Ishouldliketo express mydeepappreciation inparticular totheChairman oftheAdHocCommittee, Ambassador ZeposofGreece, forhisoutstanding leadership andindefatigable efforts inthedifficult andintricate negotiations thatlaybehindoursuccess. WhilecreditfortheSUCCess oftheDeclaration goestothelongandarduous work ofthePreparatory Committee, itwashisskilful chairmanship andguidance that madeitpossible toforgethesuccessful outcomeofthespecial session. The metronisoneofthefundamental principles oftheGreekphilosophers. The Declaration adopted todayreflects thedegreeofbalance ofinterests wehave achieved: tothe"measure" ofpermitting ustohaveaconsensus. Wewishtothank theGreekdelegation foritsefforts, whichhavebrought ustothissuccessful result. Iwishalsotothankthemembers oftheBureau, whoseconstant support mademy taskeasier. LetmealsothankverywarmlytheSecretary-General andthe Secretariat staff. Talking abouttheSecretariat staff,ofcourse, Ithinkmembers willagree thattheUnder-Secretary-General, Mr.RonaldSpiers, deserves special mention. His
**Analysis**
The text appears to be a declaration or a statement from a high-level official, likely the President of the United Nations, on the theme of economic development and international cooperation. The document mentions economic growth, development, and convergence of views on economic policies, as well as the need for international assistance to developing countries. It also touches on environmental concerns, debt problems, and the importance of multinational cooperation. Based on this, it seems likely that the text is primarily focused on economic development and international cooperation.

**Category**
Economic development, International trade