UN General Assembly
1978

3. Developing countries continue to express grave impatience at the slowness, or seeming reluctance, of industrial countries to implement decisions aimed at the establishment of a new and just world economic order. Many conferences have been held, the need for change has been acknowledged, targets have been identified, but strategies have been confused in a welter of definitions and procedural arguments. Meanwhile the problem remains, and the terms of trade continue to deteriorate, to the detriment of the economies of developing countries. 4. Developing countries continue to express grave. impatience at the slowness, or seeming reluctance, of industrial countries to implement decisions aimed at the establishment of a new and just world economic order. Many conferences have been held, the need for change has been acknowledged, targets have been identified, but strategies have been confused in a welter of definitions and procedural arguments. Meanwhile the problem remains, and the terms of trade continue to deteriorate, to the detriment of the economies of developing countries.