UN General Assembly
1989

Governments of developing countries have instituted courageous reforms in order to revitalize their economies, but their experience has been that economic adjustment programmes have been disproportionately heavy and have had very severe social and political consequences for them. Their experience has been that without massive external support the successful and positive influence of economic growth and development will remain illusory. As a consequence of these developments the economic disparities between industrialized and developing countries have widened.