UN General Assembly
1985

Development is a major issue closely related to world peace. World economic development has been characterized by growing imbalance and instability in recent years as a result of the widening economic gap between the developed and the developing countries. At present, many countries still face grave economic difficulties. Latin America groans under a crushing debt burden. Africa is not only plagued with drought and famine but also beset by the debt problem. And Asia is suffering greatly from trade protectionism. Moreover, they are generally faced with lack of development funds, a fall in the prices of raw materials and primary products and sharp fluctuation in the money and financial markets. All this greatly hinders the growth of the developing countries.