UN General Assembly
1974

67. To say that the new order must be based on inter-dependence is to state the obvious, but it is also an evident truth. Interdependence means that the powerful industrial countries must learn to depend on those which they formerly exploited and that those which were formerly dependent wish to replace dependence by interdependence. The new economic order must basically be a new Order in reciprocal economic dependence. 68. Since the Industrial Revolution, the economic order has been based on the idea of empire and therefore on the colonial relationship of the extraction of cheap raw materials and the creation of expensive manufactured goods- that is, a situation of dependence. The new order must be based as far as possible on giving the previously exploited peoples the means to process their own raw materials and progressively to alter their feudal or colonial structures by increased development and better use of the riches of their soil and subsoil and of their adjacent sea.