UN General Assembly
1991

Needless to say, international cooperation and solidarity are important in our world today, which is increasingly becoming a truly global village. It must be emphasized that this cooperation should be based on mutual respect and benefit among nations. Unfortunately, the present international economic trend shows the perpetuation of a pattern of restrictive economic relations among the industrialized countries to the detriment of the developing countries. In this present unequal relationship, the countries of the South are subjected to unfavourable terms of trade, denied access to technology and financial resources which would help them enhance their economic development and prosperity. Under such circumstances, the developing countries continue to suffer from underdevelopment, poverty, economic stagnation and a devastating debt burden.