UN General Assembly
1983

69. In all these areas, the concrete proposals of developing countries are on the table. These include, in particular, the convening of an international conference on money and finance for development to address seriously the issues of transfer of resources to developing countries, the reform of the international monetary system and an effective framework for co-operation in the areas of money and finance for development. 70. Further, the problem of trade in raw materials should be accorded high priority with a view to securing improvement in prices, ensuring easy access to markets and allowing developing countries to maximize their benefits from all activities relating to marketing, transportation and distribution of their raw materials. 71. Unless this is done, what is being described currently as recovery in some countries will be meaningless to us in the third world, because the so-called trickle-down effect has never worked in the past and is most unlikely to work now, given the pervasive nature and the depth of the current economic crisis and the structural rigidity of the majority of our countries.