UN General Assembly
1978

30. The potential growth of the world economy, however, depends indisputably on the developing countries, which buy 28 per cent of the total manufactured goods exported from industrial nations and which at the same time constitute the only part of the globe having healthy demand. Regrettably the prevailing traditional economic thinking does not allow the industrial countries to embark upon a co-operative effort which would benefit all and create an atmosphere conducive to rapid progress in the negotiations on the New International Economic Order. On the contrary, the developing countries are more often than not called upon to restrict their growth for the sake of strict internal financial stability. Some of the lender countries and monetary institutions require certain policies which lead the economies of developing countries to stagnation in the name of "stability", even after they achieve the feasible level of internal economic adjustment necessitated by the economic crisis. Stability is no doubt one of the prerequisites of a sound economy; yet developing countries can achieve development not through a stagnant but through a dynamic stability. Forcing them to a stagnant stability would inevitably cause grave social and political crises and eventual upheavals in those countries.