UN General Assembly
1964

39. All the same, the developing countries listened to the recommendations addressed to them for national readjustments designed to enable them to make proper use of their means of production, with the encouragement of a measure of financial assistance. No great economic change resulted therefrom. Financial aid, despite the goodwill with which it was supplied to them, did not solve the problem but rather increased their external indebtedness. There seemed to be a reluctance to recognize that if structural readjustments had to be made in the developing countries, similar readjustments would be necessary in the developed countries, simply because the two categories were economically interdependent. Development, in its economic processes, is a problem of income and markets. If the already low income of developing countries is withheld or taken back by the industrialized countries, the formers' capital development becomes impossible. Income is withheld when a fair price is not paid for a primary product. Income is taken back when the price charged for