UN General Assembly
1976

53. International peace cannot be established as long as the differences between rich and poor countries remain as big as they are at present, the technological gap between industrial and developing nations continues to increase, and trade dealings remain tarnished with aspects of exploitation, rising prices of manufactured goods and production equipment, and declining prices of raw materials. Is the deficit suffered by the thirds world countries not a direct outcome of such exploitation? Are not the constant disturbances witnessed by the world monetary system, for which responsibility lies with the capitalist countries, a source of imbalance in world trade and an addition to the huge burdens already borne by the economies of the developing countries in order to overcome backwardness, accelerate the rate of development, and achieve economic and social progress for their toiling people?