The Assembly adopted the resolution “Towards a New International Economic Order” by a recorded vote of 123 in favour to 50 against with 1 abstention (Türkiye). By its terms, the Assembly expressed concern over the increasing debt vulnerabilities of developing countries, the net negative capital flows from those countries, the fluctuation of exchange rates and the tightening of global financial conditions, and in this regard stressed the need to explore the means and instruments needed to achieve debt sustainability and the measures necessary to reduce the indebtedness of developing States.
Why did most Western countries vote against the UN proposed resolution “Towards a New International Economic Order”? What do they have to gain or lose by voting for such a resolution that seems to be very reasonable? In fact, I don't see why they would vote against it since the majority of countries stand to benefit from it and therefore will get the majority anyway?