UN General Assembly
1976

94. Placing their confidence in the resources, strength and capacity of their nation and people, many developing countries have thus scored encouraging successes in the building of their economy on the basis of the principles of independence, sovereignty and self-reliance. These principles do not mean isolationism or any deliberate determination to live in self-sufficiency, or aloof from international co-operation; nor do they mean the rejection of foreign assistance. They mean that the efforts of building the economy must necessarily be based, above all, on the inexhaustible and creative strength of the people and the use of all resources and the full potential of the nation. This necessarily entails a bitter and constant struggle against imperialism, colonialism, neo-colonialism and against all forms of domination and foreign exploitation, for the exercise of full national sovereignty over all the resources and economic activities of the country, including the sovereign right to nationalize transnational companies, which serve only to absorb all the energies of a country with a view to subordinating it to the developed countries. Foreign assistance is used in addition to the efforts of the whole nation, provided that it is unconditional, has no strings attached, and helps consolidation of independence, sovereignty and territorial integrity.