UN General Assembly
1974

40. In fact, the industrial Powers, which could view with equanimity and, why not say it, with the ill-con-cealed complacency of their gigantic importing companies, the collapse in the price of coffee, sugar, cocoa, iron, tin and oil itself, are today experiencing the same effects as those so often felt by the developing countries. We hope that this shock will open their eyes to the urgent need for just and equitable terms of trade between the raw materials which constitute the main source of income of the third world countries and the technology and industrial and agricultural machinery which, in effect, are the virtual monopoly of the developed countries.