UN General Assembly
1965

89. I shall conclude by referring to some economic matters. I believe that no one now denies that the greatest and most difficult task of our time — if, as we must all hope, the threat of a nuclear conflict can finally be averted — is to promote economic development and, as a result, to raise the level of living of the countries in which two thirds of the world's population live. 90. The decade whose first half is drawing to a close was appropriately and perspicaciously designated as the United Nations Development Decade. It was even found possible to fix a specific target: the achievement of an average growth rate of 5 per cent in national income by the end of the Decade. Nevertheless, as was shown at the last session of the Economic and Social Council, the results so far achieved fall very short of that target.