UN General Assembly
1976

76. It goes without saying that, in order to come to grips with problems like mass poverty in the world, the crises of population growth and mounting unemployment, such far-reaching and basic reforms are needed that nothing short of a new international economic order can be the ensuing result. However, having stated this, I should also like to state that it is urgently necessary that we give consideration to the structural and institutional aspects of this new international economic order. 77. I do not in any way want to distract attention from the problems of substance; but, even if it were to prove possible to mobilize the necessary political will to meet many of the aspirations of the developing countries, we should soon be faced with organizational and institutional shortcomings. The world community of today is far from having developed the necessary institutional framework. For that reason we welcomed the decision by the seventh special session to establish an Ad Hoc Committee on the Restructuring of the Economic and Social Sectors of the United Nations System.