For their part, the industrialized countries have the responsibility for establishing an international framework to promote lasting and non-inflationary gr0v1th. They must try to eliminate disequilibria in balances of payments and instablity in exchange rates and reduce real interest rates. Inflation must also be controlled. Such measures should contribute to greater access to capital for the developing countries. The renewal of economic gr0v1th and the development of the developing countries requires that we thoroughly examine the lessons of the past and the proposals being put forward today and benefit from them. I therefore hope that this special session will be a starting-point for the development agenda of the 1990s. Mr. CAVALLO (Argentina) (interpretation from Spanish): I wish first to contratulate the President on his election to lead this eighteenth special session of the General Assembly, which has begun today with the admission of Namibia to the United Nations, a result of the joint efforts of a people, the international community and the Organization. The importance of this special session lies not only in its goal, which is to help reactivate the economic growth and development of the developing countries, especially within a broader context of economic co-operation in general, but also in its historical context. JP/jg (Mr. Cavallo, Argentina) We are living in an age of deep transformations, evident at all levels. In the political field the present trend towards detente as a major characteristic of the relationship between the great Powers is becoming stronger, and regional conflicts are evolving positively. The improvement of the international political climate must be consolidated and extended to all the regions of the world, and it must include an adequate response to development problems. The United Nations is the essential forum for dealing with development issues. All its efforts to solve the problems that afflict mankind are in 
**Analysis**
The text discusses the importance of establishing an international framework to promote economic growth and development, particularly for developing countries. It mentions the need to eliminate disequilibria in balances of payments, reduce real interest rates, and control inflation. These themes suggest that the text is primarily concerned with economic issues.

**Category**
Economic development, International trade