UN General Assembly
1951

40. With regard to economic matters, my Government is particularly interested in the items on the agenda of the present session of the General Assembly. 41. We strongly uphold a policy which will raise the workers’ standard of living, both in the less developed countries and in the territories which do not yet enjoy full self-government, as well as in the colonies. We consider it necessary to assist the under-developed nations in obtaining adequate economic means of subsistence such as will enable them to achieve material and spiritual well-being, the aim of such assistance being to increase the purchasing power of the countries concerned in order to help towards greater stabilization of world economy and prevent the produce of their labour from being used as a means of unfair competition in international markets in a manner derogatory to human dignity.