UN General Assembly
1984

230. In reviewing the global economic situation, therefore, we cannot disguise our exasperation at the rather protracted malaise that continues to afflict the world economy. The crisis, which has now reached unprecedented proportions, is threatening the stability and stifling the economic growth of all countries. Consequently, the economic resilience and margin of safety once available to many developing countries continue to be severely eroded. The harsh realities besetting the world economic scene today, compounded by cyclical factors, are in truth symptomatic of more fundamental inadequacies plaguing the international economic system. Since the sixth special session of the General Assembly, in 1974, many initiatives have been taken and numerous conferences and meetings held in vain attempts to redress these structural imbalances. The failure of these efforts to improve the international economic order does not negate their validity, nor should it diminish our commitment to the eventual achievement of their aim. Kenya once more reiterates its strong commitment to the establishment of the new international economic order. We should like to see equitable participation by ail nations in the productive and decision-making processes of the global economy.