Rodong Sinmun Thursday observes this in a by-lined article.

It goes on:

It is very important and urgent for the non-aliened and other developing countries to abolish the old international economic order at present.

The imperialists are pursuing a policy aimed at gaining their own profits by sacrificing the interests of developing countries through a crafty use of different levers under the above-said order. Consequently, resources and results of labor of developing countries are sold to the capitalist countries at giveaway prices.

The Western countries are imposing various unreasonable conditionalities upon the goods being exported to developing countries, availing themselves of their economic and technical advantages. Because of imperialists' artifices the prices of the primary products from those countries are steadily dropping in world markets.

The United States is amalgamating or absorbing banks of developing countries in reliance upon the old international monetary system and putting raw material resources, means of production, etc. under its control. By doing so it prevents these countries from building an independent national economy.

Developing countries can neither develop economy nor get rid of the imperialists' economic subjugation, exploitation and plunder as long as the old international economic order remains in force.

Only when the old international economic order is abolished to put an end to inequality, violation of sovereignty and exploitation and plunder of other countries in the international economic relations, is it possible to guarantee the socio-economic progress of the developing countries and provide conditions for world stability.

The DPRK will wage a dynamic struggle to abolish the old international economic order and build instead a fair new one in the idea of independence, peace and friendship and thus contribute to advancing global independence, concludes the article.