UN General Assembly
1977

279. The developing countries have made serious efforts to unveil the grave dimensions of the international economic crisis besetting the world today during the Conference on International Economic Co-operation, which met for 18 months in Paris. In this respect developing countries have presented concrete and constructive proposals designed to resolve the major economic problems within the framework of the new international economic order. We must, however, note with regret that the results of the Paris Conference fell far short of meeting the aspirations and hopes of the developing countries. We appreciate the difficulties facing the developed countries in the economic, commercial and monetary fields, but at the same time we sincerely believe that developed nations have the capacity and resources to assist developing countries in all economic fields and to contribute substantially to the establishment of an equitable economic order on the basis of the decisions adopted by the sixth and seventh special sessions of the General Assembly.