UN General Assembly
1989

My delegation considers that the special session of the General Assembly to be held in the spring of 1990 would provide a significant opportunity to conduct purposeful multilateral dialogue on the issues besetting the global economy and on the means of redressing them on a long-term basis. We hope that it would revitalize the North-South dialogue and that it would take into account the special needs and circumstances of the developing countries, particularly of the least developed among them. Moreover, the elaboration of an international development strategy for the fourth United Nations development decade that is now in hand will give a far greater sense of purpose and direction to International co-operation for development than hitherto. The developing countries are fully aware that the responsibility for the development of their national economies rests primarily with themselves. Many of them are undertaking the daunting task of extremely difficult but necessary adjustment programmes. They also recognize that effective national policies are important in attracting financial flows and new equity investments and in creating a climate for sustained development. '