UN General Assembly
1973

155. The time has come to shift the current emphasis from world-wide military security to world-wide economic security. Constructive action in the field of arms control and disarmament could release substantial savings for development which alone could lead to the effective underpinning of a durable structure of world-wide peace. 156. The need for disarmament is universally recognized. And yet, after years of negotiations and numerous studies, hardly any real progress has been mad . Armaments continue to pile up at an alarming rate. In particular, delay in controlling and eliminating nuclear weapons could be fatal. The monopoly of a few could soon become the preserve of many, making the task of eliminating nuclear weapons even more difficult and the danger of a universal holocaust more real.