UN General Assembly
1977

205. Thanks to joint efforts by the socialist and developing countries, the first favourable results have been reached in the restructuring of international economic relations in accordance with current political realities. This has been done despite the attempts by imperialist States to maintain an economic system bearing the imprint of colonialism, neo-colonialism and a recurrence of the cold war. It will, however, be necessary to exert considerable efforts to eliminate the discrepancy between the present character of international economic relations formed in the past and the timely demands now being presented by the majority of countries.