UN General Assembly
1954

19. We know, of course, that a nation’s real strength rests on its own ability to utilize its potential resources for the improvement of the economic and social welfare of its people. It is, therefore, our hope that the benefits of; modern technology may be utilized for the much-needed economic development and expansion of all nations, as they strive to raise their standards of living. The general interdependence of political and economic problems has long been recognized by all concerned with the development of stable international relations. This is a problem of primary concern to the many so-called under-developed countries of Asia and Africa, whose economic welfare, as a result of their recent history as colonial or semi-colonial peoples, has depended on the production of a few major commodities, mostly agrarian and for the greater part consisting of raw materials destined for the world market. But, at the same time, all of us must recognize and bear in mind that the industrial development of these countries, also, is a primary requisite for maintaining a stable world economy.