UN General Assembly
1985

Recognizing this fact, in the last three years the world has implemented some solutions based on three fundamental premises: first of all, that Latin-American countries would adjust their economies to new realities and that this would lead to a period of economic stagnation; secondly, that this effort at adjustment would be supported by the banking and financial community with additional resources and through a restructuring of the external debt; lastly, that, in addition to recovering their economic growth levels for their own good and in order to provide for world-wide recovery, the industrialized countries would keep their markets open to the exports of developing countries to assist in the recovery of their economies and their debt servicing. This solution was envisaged three years ago in recognition of the global scope of the problem. The results? however, have not been enough.