UN General Assembly
1963

56. In his report to the Second Committee [795th meeting], Mr. de Seynes, Under-Secretary for Economic Affairs in the United Nations, last year noted the stubborn downward trend in the prices or raw materials and observed that the determinants of that trend revealed nothing to indicate a change for the better. We who are the sellers of raw materials can translate the observation of Mr. de Seynes into cold, declining figures. The stark reality is that, while prices of our primary products are decreasing, the prices of industrial products are, increasing. We are thus permitting an already wide gap between developing and developed countries to widen, a fact which can have dangerous consequences for the fate of the world.