UN General Assembly
1974

81. More particularly, however, experience has shown how easily real improvement in the export receipts of the developing countries can be frustrated by rapid inflation in the developed world. If the problem of achieving meaningful redistribution of the world's income is going to be tackled with a new resolve, then the implementation of schemes of indexation can no longer be postponed. In order to achieve concrete progress with such schemes, we may have to be content, at least initially, with something less than a perfect technical solution. If it be so although the most recent UNCTAD studies appear to confirm the technical feasibility of the system let us nevertheless proceed. We cannot continue to further postpone decision because of an infinity of unresolved subtleties. The patience, not to say the capacity for economic declension, of the developing countries must not be assumed to be endlessly extensive.