As a basic 'lililosophv, I believe that the two underlyina principles should Provide inspiration after the analysis and conclusions of this special session. First, acceptance of and consensus in JCespect of the fact that the concern of international economic co-operation is both the international economic system and domes tic economic policies~ Development will not be possible without a proper structurinq of both. In this connection, I should like to point out, relative of domes tic economic policies, that economic s tructurinq and attention to international repercussions of domestic economic palicy must be the concern and responsibility of both developed and developinq countries. Secondly, the definition of recommendations and Priorities should be quided bv a sustainable and overall Policy and concePt of develoPment encompassina economic, cultural, socioloaical and mlitical factors, centred on nan and based on the principle of feasibili tv, both in temporal terms -no one can support the kind of developnemt that is incom'P!l tible with the ecoloqical survival of the Planet -and in terms of equitable social distribution. Bear inq in mind that international economic co-operation nus t cover the two areas just described and must at the same time reconcile the overcominq of major short-term obstacles to full developnent and JX>tential qrowth with the creation of conditions for solvinq problems which impede lonq-term development, I believe that this session, as it tackles the problems of developnent and the ways to solve them, should concentrate on a number of short-term and lonq-term problems, which I shall now briefly review. Obviously, full developnent and qra,qth will not be mssible without first overcominq the considerable short-term obstacles standinq in the wav. Therefore, because a "prior condition" is involved, dealinq with develoPment entails first of all tacklinq the major problems of external debt and the processes of structural 
**Analysis**
The text discusses the principles and priorities for international economic cooperation, emphasizing the need for sustainable development, economic restructuring, and consideration of both short-term and long-term challenges. It highlights the importance of balancing economic growth with ecological survival and equitable social distribution. This suggests that the text is primarily focused on economic development, international trade, and sustainable development, with implications for the environment and society.

**Category**
Economic development, International trade