UN General Assembly
1981

289. We in the developing countries cannot but feel gravely concerned about the extreme severity of the impact of the current global economic crisis on us. The food situation has been particularly critical as many developing countries have resorted to massive food importation, which in turn has aggravated their foreign exchange position with adverse effects on their development process. So also has the very high cost of manufactured and capital goods slowed down the process of industrialization in developing countries, thereby curtailing opportunities for the diversification of their economies so crucial to the attainment of self-reliant development.