UN General Assembly
1974

123. The necessity for the transfer of technology from industrialized countries to the developing nations is undisputed. The contribution of technology in enhancing the productive capacities of man is obvious. To realize the gains, it is necessary that the problems and the mechanism of technology transfer should be dealt with at the international level. 124. My delegation urges the developed countries to give developing countries access to relevant modern technology at minimum cost and to increase the adoption of that technology for the conditions prevailing in the developing areas. In the longer term the industrialized nations should do their utmost to extend assistance to the developing countries, in terms of research and development, so as to enable them to develop indigenous technology. 125. While appreciating the transfer of technology through agencies such as the transnational corporations, my delegation would call on the Assembly to develop codes of conduct to prevent abuses in the activities of such corporations in the development programs of the developing countries.