UN General Assembly
1985

Since the major obstacle to the development of most of the third world is lack of sufficient resources, we view with encouragement the coming talks between the two super-Powers cm arms control. My Government hopes that these talks will result in substantive cuts in defense spending. These savings could then be used for development spending. It has been estimated that $900 billion dollars a year is spent on armaments by the whole world. Just a portion of this amount would go far towards accelerating the economic growth of the third world. Moreover, the world would experience a heightened sense of security through the mutual reduction of armaments.