1945

Development policy and international economic co-operation

In 1990, against the background of a decelerating world economy and the transformation and integration of the economies of Eastern Europe into the world trading and financial systems, the United Nations General Assembly held its eighteenth special session to discuss global economic issues. On 1 May, the Assembly adopted the Declaration on International Economic Cooperation, in particular the Revitalization of Economic Growth and Development of Developing Countries, stating that the most important challenge for the 1990s was the revitalization of economic growth and social development in the developing countries, which called for sustained growth of the world economy and favourable external conditions.

Related Subject(s): United Nations
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