UN General Assembly
1980

200. By proposing the launching of a new round of global economic negotiations, the developing countries have tried to give new impetus to the stumbling North-South dialogue and to accelerate progress towards establishing the new international economic order. The results of the eleventh special session were, however, frustrating and disappointing. The Assembly could not reach an agreement on the procedures of the proposed global negotiations and has failed to launch the negotiations. The developing countries have exhibited great flexibility and a genuine willingness to co-operate, in recognition of the importance of the global negotiations and in the conviction that the failure of the special session will have serious repercussions on the future of international economic co-operation and even on world peace and security. The failure of the special session is the inevitable result of the lack of political will on the part of a few developed countries and the fact that some major Powers are still prisoners of the traditional attitude towards the international economy, as pointed out by the Foreign Minister of Sweden before the Assembly on 23 September.