UN General Assembly
1972

79. In order to bring about an over-all development, it is important to recognize the role of regional co-operation. The regional economic commissions have already acquired great experience in this field and hence constitute, within the framework of the United Nations, a point of convergence of the national, subregional, regional and world development efforts. 80. An important question which is at the center of our attention is the inalienable right of the developing countries to exercise their sovereignty over their own natural resources and to take all the necessary measures to develop those resources in the interests of the economic and social development of their people. All measures or economic or political pressures from the outside, prejudicial to those rights, constitute a flagrant violation of the principles of self-determination and non-intervention in the internal affairs of other States. That is why we support any measure which would provide for the creation of a revolving fund of the United Nations for the exploration and exploitation of natural resources.