UN General Assembly
1971

79. At present, international economic relations are characterized by phenomena which give rise to serious concern. Financial and monetary troubles, inflation and unemployment are causing increasing instability in the Western economy. A large number of speakers before me have stressed the danger these phenomena represent for international economic relations, especially the success of the Second United Nations Development Decade. Any worsening in this situation will inevitably result in a greater exploitation of the third world countries, as was pointed' out with particular emphasis by the Minister for Foreign Affairs of France [1942nd meeting]. One thing is unfortunately quite certain, and that is that the success of United Nations initiatives in the field of economic development is confronted with new and very grave obstacles. 80. International economic relations during recent years have confirmed the fact that economic and social progress for the developing countries is possible only in certain conditions: complete economic independence, total mobilization of national resources and implementation of programs for accomplishing profound social and economic transformations.