 The day was further recognized as the date on which the International Development Strategy for the Second Nations Development Decade was adopted in 1970.On May 17, 1972, the UN Conference on Trade and Development (UNCTAD) proposed measures for information dissemination and for the mobilization of public opinion relative to trade and development problems.These became known as resolution 3038 (XXVII), which the UN General Assembly passed on December 19, 1972.