UN General Assembly
1964

91. The problem of economic development, which is becoming more and more urgent because of the world economic and demographic situation, is closely related to the problem of peace and security. Harmonious international relations and an atmosphere of trust and co-operation cannot be established as long as the gap between the developed countries and the developing countries continues to widen, as long as human aspirations for economic progress and social justice are not fulfilled, and as long as two thirds of mankind are condemned to live at subsistence level. It is becoming increasingly more obvious that the flow of capital to developing countries is far from having reached an adequate level, that the various forms of economic and financial assistance have not been adapted to the real needs of those countries and that international trade, in present circumstances, is not contributing to economic development. In all these fields, which call for extensive international co-operation, the United Nations must organize and promote concerted action by all Member States.