UN General Assembly
1984

50. We have a long way to go in order to restructure the economy and place it on a sound, dynamic footing in both the public and the private sector. For this we need new resources, appropriate technology and administration. 51. In this context, the problem of servicing the external debt has assumed particular political and social relevance, since it has only given rise to the need for further sacrifices and placed heavier demands on the weak economies of the region. 52. It would appear that it is still not understood that the burden of all this economic adjustment on the Latin American peoples can only lead to a worsening of the crisis, the impoverishment of regional societies, the paralysis of its productivity, and social violence. Nor would this be likely to improve its capacity to repay the external debt.