developnent in the context of the conference on the Relationship between Dlsarnanen! and DevelopnEnt. Australia' hot,eve! | has serious reservations about Ehe eglablisttment ot a fund at this stag€. In lhe absence of meaningful disarnament, a dlsarrnanenE fund tor devel-opmenE uould eiEher be enpty or consist of monies that would have been devoted to developnent assistance in any caser but through one of the e:rtseing mechanisns. 7. AusEralia is comnj.lted to the Principle of reduction of nililary budEels' provitied this can be acbieved in rrays which $ould not endanger national securiEy. in this respect, Australia nakes available to the UniEed Nations Sec re la ry-Gene ral each year Ehe details of ils niliEary expenditure in the forn of tbe scandardized reporli.tg instrunen! uhich has been developed by the Uniled Nations. Australia is algoco-operatinggiththeUnitedNationsst'udyGroupEhathasbeenestablishedto worh out fays and rneans of making valid incernationaL comparisons of militaryA/40/ 6LS Engl ish Page 28 Cti I NA I. The Chinese covernnent endorses the United Nations study on Ehe relationshipbecween disarmanent and development.. Today, many of ehe worldrs countries arefacing severe econonic difficulties vrhire hunger, povercy and backHardness persisEin many regionsi the achievement of their social and economic development. has become the urgent desire of the vast najority of deveroping countries. At Ehe sane!ine, holrever, the arms race, pareicularly between Ehe trro super-posers, isssallowing up nankind's precious wealth and resources. Enormous nilitaryexpenditures not onry place a heavy burden on the econonies of the countriesconcerned, but have an inpact on the enti.re eorld, and on the econonic anal socialdevelopmene of th€ developing counEries, in particular. Consequently, genulne disarnalDent and the reallocation of resources intended for nilitary purposes to thepeacetul construction of oners own counEry and assistance to Ehe developingcountries must be carried out without delav.
**Analysis**
The text discusses the relationship between disarmament and development, highlighting the impact of military expenditures on the economy and social development of countries, particularly developing ones. It also mentions the reallocation of resources from military purposes to peaceful development and assistance to developing countries. This suggests that the text is primarily concerned with economic and international development issues.

**Category**
Economic development, International trade, Humanitarian aid and relief