UN General Assembly
1977

92. Bearing all this in mind, Egypt participated with great interest in the North-South dialogue held in Paris between December 1975 and June 1977 with the object of considering and reviewing the foundations of a new international economic order. 93. Egypt, along with other developing countries, considers that the problem of development cannot be solved in isolation from other international economic problems. These problems must therefore be looked into as a whole and their solution tackled in an integrated manner. There exists an obvious and inevitable interrelationship between the problems of development and those of trade and finance. Furthermore, international trade and development assistance should serve the objectives of industrialization and of the transfer of advanced technology to developing countries, it is also imperative that we continue the dialogue to reach agreement on the measures necessary to combat international inflation, which is a phenomenon indicative of a serious disease that has spread to the economies of developing countries at a crucial stage, when those economies can hardly sustain fluctuations, or the feverish and uncontrolled rise in development costs.