UN General Assembly
1983

261. Unless the structural imbalance that lies at the heart of the current global economic crisis is redressed urgently through a major and concerted international effort, it not only will remain a source of friction in relations among nations but will also undermine the steady growth of the world economy. Four years ago it appeared that there was a recognition of the necessity for an international effort when the Assembly adopted by consensus resolution 34/138, on global negotiations relating to international economic co-operation for development. Unfortunately, nothing positive has happened since to permit the launching of the global negotiations. Rather, consultations on the matter have simply petered out, and the situation now is one of total impasse and deadlock.