UN General Assembly
1975

89. These transnational corporations are the new and formidable institutions of modern economy; and their power, which goes beyond all national frontiers, must be subject to controls and be institutionalized in some manner. The desirability of so doing is not in the interests of the underdeveloped countries alone: the Governments of the great nations have a similar interest in not allowing a world economic power to expand unchecked to gigantic proportions without institutional limitations, since this might imply similar threats for the autonomy of the decisions of their own Governments. It is therefore surprising that there should be a lack of interest on the part of the highly developed countries in the timid efforts made in various forums of the world Organization to regulate the conduct and activities of the transnational corporations.