UN General Assembly
1977

30. The meagre results achieved so far in the establishment of the new international economic order underline the inflexibility of some developed countries in the face of fast changing world economic relations. The recent Conference on International Economic Co-operation, or North-South dialogue, in Paris points to the fact that, unless there is a reasonable accommodation to the aspirations of the majority of mankind in the world, we face a rough road ahead in our endeavours to establish fair and just economic relationships among rations. 31. The United Nations, as a universal and fully representative body, is the most appropriate forum in which global issues concerning economic development should be negotiated. We said this at the inception of the Paris negotiations and in our later statements on this issue, and the meagre results of the Paris dialogue only serve to underline our scepticism. We hope that full negotiations of this nature will be carried out within the United Nations system, where all countries are represented.