political willJ for example, the case of the debt crisis of the third world. Other BHS/jq A/S-18/PV.6 127 (Mr. Malmierca Peoli, Cuba) new problems have arisen since that tiiM. Had we aPPlied those measures that were foreseen and adopted by the Assel'lblY at that time and in subsequent years, many of the problems that we are presently discussinq would have been solved and others would not have arisen. M{ country recoqnizes the full validity of the principles set forth in the new international economic order and is convinced that meaninqful economic co-operation to fulfil the requirements of developnent and economic qrowth of the developinq countries calls for the application of those Principles as a minimum, toqe ther with additional IMasures such as, inter alia, the total and definitive cancellation of the external debt of the third world, the formulation of a universal approach to problems of the environment and development and the international contribution to the necessary processes of the economic inteqration of those countries. We believe that we oould talk about success at this special session if, in a new spirit of solidarity, a real political commitment were made in the United Nations to move forward with the multilateral Process that can put into practice the measures and concepts developed by the United Nations over the last 25 years for the J:Urpose of ach iev inq comPrehensive and inter related solutions to the problems of trade, finance, external debt, industrialization, environment and develonnent. No international body meets the conditions of the United Nations which, bv its universality, its democratic character and the scope of its mandate, is the most apPropriate forum to channel international economic co-operation with an inteqrated approach in terms of the develoPment and economic qrowth of all peoples. We harbour the hope that the international oommunity will understand the vital 
**Analysis**
The text discusses the importance of international cooperation and the need for a new approach to address the debt crisis and development issues in the third world. It highlights the need for a comprehensive and integrated solution to various problems, including trade, finance, external debt, industrialization, environment, and development. The text also emphasizes the role of the United Nations as a forum for international economic cooperation.

**Category**
Economic development, International trade