UN General Assembly
1984

73. The result of such a situation could not fail to be a serious reduction in the gross national product of our countries and a drastic restriction of their capacity to absorb the effects of the world crisis. 74. At the same time, and on the international level, we have the effects of the following factors: persistent monetary instability; fluctuations in ex-change rates, over which we have no control; the particularly high level of interest rates; new protectionist barriers imposed by the industrialized countries; the increase in shipping rates; interest payments on commercial credits: and the constant rise in energy prices and in the cost of oil products and derivatives.