text: will serve as the basis for building such a co-operative relationship. Further, it is my hope that the United Nations system, of which the United Nations Development Programme (UNDP) is the central funding agency, will take full account of those three aspects in all its development activities. Virtually from the end of the Second World War until today, the world was viewed from two dichotomous perspectives, the political conflict between East and West and the economic disparity between North and South. But developments in Eastern Europe during the past year have largely rendered obsolete that way of looking at the world. And a new co-operative relationship is being built up, replacing the old cold-war thinking. With regard to the relationship between developed and developing countries as well, with the ongoing dynamic transformation it is no longer possible to explain the world economy in a bipolar framework of North and South. Now is the time to discuss a new international framework in which to view and address the problems of the world economy. I think this Organization must play the central role in those discussions, and for that purpose we must ensure that the debate at the United Nations will have a direct bearing on today's economy. Japan is determined to participate actively in those discussions. J\M/12 A/S-18/PV. 2 51 Mr. PELLETIER (France) (interpretation from French): Alla,, me, Sir, to join all those who have congratulated you on your election to the presidency of the Assembly at this session, which will, I hope, go down in the history of the United Nations as an important one. We have started off well, since we have just had the pleasure of receiving the Republic of Namibia in our midst. The head of the delega ticn from Ireland, speaking on behalf of the European 
analysis: The text discusses the relationship between developed and developing countries, the need for a new international framework to address global economic issues, and the role of the United Nations in these discussions. It does not specifically mention natural resources, environment, agriculture, forestry, fishing, industry, transport, communication, health, education, employment, humanitarian aid, or culture. However, it does touch on economic development and international trade, suggesting that these categories may be relevant.