UN General Assembly
1976

76. At the international level the paramount need is for what we may describe as economic decolonization and for the democratization of the world's antiquated and inequitable economic structure. This is the new imperative of our time. The goal would be, in effect, a decentralization of economic power, as well as a fairer and more balanced pattern of consumption and distribution. 77. The time is past when developed countries could isolate themselves from the problems of the developing countries. That time is past. Like it or not, we all belong to one world, which cannot be half-rich and half-poor, or, to be more precise, one-third rich and two-thirds poor. The alleviation of poverty is a shared and collective obligation of the world community.