UN General Assembly
1952

110. My delegation considers that the payment of fair prices for commodities exported by the under-developed countries is one of the most effective means of promoting their economic and social advancement. It will enable the backward countries to receive additional resources without being obliged to solicit humiliating credits or onerous loans. This is merely a matter of justice; the inhabitants of the backward areas should be given a fair return for their labour in order to enable them to achieve a more decent standard of living and to finance their own development plans. This, in turn, will mean an increase in the consumption of those manufactured goods which the developed nations have to market abroad in order to operate their mass production facilities to capacity.