UN General Assembly
1984

96. Furthermore, concrete measures must be taken, measures which reflect a political will to establish a new world system which ensures for all mankind a fair share of the accumulated wealth and the fruits of scientific and technological progress. 97. In May 1974, the General Assembly, meeting in its sixth special session, concluded that the system of international economic relations was incompatible with the historic changes that had taken place and with the economic and social development needs of peoples. It therefore proclaimed the need for us to work together to establish a new international economic order. 98. And what have the developing countries seen happening since then? A deterioration in their terms of trade, an inability to achieve self-sufficiency in food or to increase their participation in world industrial production, enormous difficulties in gaining access to technology, and an alarming increase in their foreign debt.