co-operation. His experience and guidance will be of immense assistance to us in what have proved to be extremely protracted negotiations for the elaboration of a draft declaration. At a time when the world economy is undergoing historic: structural changes, such a document aspires to lay out new foundations for the revitalization of economic grcwth and the sustainable development of develoPing countries for the next decade. As a result of these transformations, we are now witnessing the emergence of what an economist has termed "a fractured global order, an order that is global but not integrated", where the P3Ce of change is making the planet more interdependent and at the same time less able to manage the uncertainties and instabilities of chanqe. The present session is therefore taking place at a crucial noment, not only to help us reach a common understanding on the broad issues of the world economy but also to design a coherent framework for fresh and innovative policies within a new global agreement on international economic co-operation. Our deliberations this week will be of capital importance for the elaboration and adoption later this year by the General Assembly of an international development strategy in the context of the Fourth Development Decade. Only then shall we reallv know whether there exists a new consensus for tackling the Problems facing the world economv, or whether the economies of develoPing countries will be doomed to increasing marginalization. These gloomy thoughts, which ever haunt our minds in these difficult times, w·ere brightened this week bv a rav of sunshine and hope when we re ;oiced in welcoming in our midst the RePJblic of Namibia. It was a reminder that the JSM/td A/S-18/PV.8 104-105 (Mr. Peerthum, Mauritius) remnants of colonialism are disappearing and the struggle for the liberation of South Africa is fast coming to its close. 
**Analysis**
The text appears to be a speech or statement related to international economic cooperation and development, mentioning the need for a new global agreement, the impact of structural changes on the world economy, and the importance of designing a coherent framework for fresh and innovative policies. The text also touches on the issue of colonialism and its remnants, but in the context of economic development and international cooperation. The tone is formal and diplomatic, suggesting that the text is likely related to a high-level international meeting or organization.

**Category**
Economic development, International trade