UN General Assembly
1974

105. The important and historic resolutions adopted by the Assembly during the sixth special session on raw materials and development, convened on the initiative of President Houari Boumediene of Algeria, provided an equitable basis for future international economic co-operation. We have high hopes that those resolutions will be fully implemented. 106. The road to social transformation is long and arduous and the constraints to real development have both internal and external dimensions. Developing countries are fully prepared to tackle their own internal problems. The situation is, however, made all the more difficult and complicated by the volatile nature of certain factors outside the control of the developing countries. These are international trade, inflation, monetary crises, the insensitivity of the world's richest countries to the problems of the poor and, above all, aggression and insecurity. The world's consciousness of these problems has been heightened and the developing countries are completely aware of the causes of their plight. This is a great achievement. Once the true diagnosis is made, the most effective remedy can be prescribed.