UN General Assembly
1975

31. It is difficult to destroy the barriers of underdevelopment and dependence without using the resources of science and technology. 1 repeat my proposal that we must take action to convert these resources into a common heritage of mankind. The idea has been launched; it is no longer a Bolivian idea. The important thing is to begin, and to create the instruments to implement, sooner or later, this transcendental objective. 32. There is another burning problem which mankind faces today, namely, the presence in many countries of a few transnational enterprises whose methods are neither scrupulous nor honest. They interfere in internal affairs. They make a mockery of sovereignty. They use bribes and slander, they promote corruption and they exploit to the utmost our non-renewable natural resources, In their search for profits they act against the interests of the people and contribute irresponsibly to the deterioration of international relations. 33. It is imperative to fix standards to regulate the activities of transnational enterprises and monopolies, and to establish the sanctions befitting their deceitful practices.