UN General Assembly
1983

129. On the other hand, the economic crisis which in recent years has severely affected the economies of the capitalist world continues to make its effects felt increasingly in the countries of the so-called third world. The reduction in real terms of the transfer of resources for development; the unprecedented and increasing foreign debt, for which there seems to be no likelihood of a reasonable short-term remedy; the even greater deterioration in the terms of trade; monetary instability; the transnational corporations' activities and plundering; and the growing difficulties faced by underdeveloped countries in gaining access to sources of funds, food and technology continue to characterize the present state of international economic relations. Only the genuine restructuring of these relations, without unnecessary delay and through a comprehensive process of co-operation, can provide a true long-term solution of these serious and potentially dangerous problems facing the world today.