UN General Assembly
1976

142. The developing countries are determined to develop their economies, depending mainly on their own capabilities and in co-operation among themselves, by using their collective power in negotiations for the establishment of a new economic order with a view to guaranteeing a better life for their peoples. 143. It is clear from the resolutions adopted by the Conferences of Algiers, Dakar, Lima, Manila, Colombo and Mexico that the developing countries stress the necessity of a complete restructuring of international economic relations by the establishment of a new system based on equal sovereignty, common interests and fruitful co-operation among all peoples of the world.