UN General Assembly
1983

122. The international economic situation remains uncertain, although there are signs of recovery. Optimists herald them as symptoms of better times, while pessimists warn of a false start. The developing countries continue to grapple with severe debt problems and low commodity prices with no improvements in sight. Malaysia believes that current international economic problems require a restructuring of the international economic system. In a world that is so closely interdependent, solutions to common problems will not be possible without co-operation between the developed and the developing countries. The latter, however, should not lose sight of the vast potential of co-operating among themselves in a process to build up collective self-reliance. Developing countries could engage in increased trade activities among themselves and co-operate in numerous areas of activity to ensure continuing development.