UN General Assembly
1978

156. The undertaking of the third world, with which the Colombian Government wishes to identify itself further, is not only to act to protect raw materials and to promote the expansion of trade and new sources of finance but to participate in making the big decisions on monetary policy that so decisively affects the domestic situation in all countries. 157. The new international economic order should prevent spectacular falls in the prices of primary commodities, on whose stability peace among nations depends to a large degree. The unquestionable relationship between security, both internal and external, ,and the equitable price of primary commodities has been shown .on numerous occasions. A people condemned to live in squalor and poverty cannot prevent the spread of discontent among the population, discontent that can easily explode into a conflict with international repercussions. The parallel between adequate terms of trade and world security is the new dimension in relations between -the industrialized countries and the producers of primary commodities, and the necessary point of departure for the economic claims that the third world so justly makes.