UN General Assembly
1981

128. There has never before been a greater need to find the means to reconcile the perceived needs of sovereign nations and the known needs for greater international cooperation in economic development. But there has never been a time for greater cooperation, not confrontation, in finding the means to such a reconciliation. There are powerful voices in the world which would, perhaps without understanding, lead us to confrontation. The Bahamas firmly supports the launching as soon as possible of the global negotiations relating to international economic cooperation for development on the basis of the consensus to be found in resolution 34/138, in which the General Assembly emphasized "the imperative need to establish a new system of international economic relations based on the principles of equality and mutual benefit and also to promote the common interest of all countries".