Reply #23: "equity, sovereign equality, interdependence, common interest..."

[Dover]

A "NEW" global economic plan (which originated in 1974)

From his speech:


Now more than ever- we were saying- we need to retake ideas that were left on the road such as the proposal approved at this Assembly in 1974 regarding a New Economic International Order. Article 2 of that text confirms the right of states to nationalizing the property and natural resources that belonged to foreign investors. It also proposed to create cartels of raw material producers. In the Resolution 3021, May, 1974, the Assembly expressed its will to work with utmost urgency in the creation of a New Economic International Order based on- listen carefully, please- “the equity, sovereign equality, interdependence, common interest and cooperation among all states regardless of their economic and social systems, correcting the inequalities and repairing the injustices among developed and developing countries, thus assuring present and future generations, peace, justice and a social and economic development that grows at a sustainable rate.”