UN General Assembly
1977

123. This dangerous development is giving rise to much concern in the world because of the very fact that it is taking us further away from the new international economic order which we have agreed to promote in order to meet the challenges inherent in the present system of economic and trade relations, which have been based upon hegemonistic concepts. 124. The tendency must be reversed if we do not want this change, which is unavoidable, to take place in an atmosphere of confrontation and chaos. 125. The implementation of the Declaration and Programme of Action on the Establishment of a New International Economic Order has thus become an imperative. 126. Only dynamic international co-operation on the basis of effective solidarity and complementarity can help us to arrest the ills threatening our society. 127. -To do this, the General Assembly must take over from the North-South dialogue in Paris because the United Nations constitutes the best possible framework in which to negotiate the establishment of a new international economic order.