UN General Assembly
1972

138. The adoption two years ago of an International Development Strategy for the 1970s [resolution 2626 (XXV)], will, we hope, make the Second United Nations Development Decade more successful than the first. Also, the recent third session of UNCTAD held in Santiago, despite its frustrations, has been wholesome in solidifying the wishes and will of the developing world. The discussion at that session of the link between development and disarmament emphasizes that only a 5 per cent shift from arms to development would make it possible to reach the target for official development assistance set by this Assembly.