UN General Assembly
1971

127. We do not deny the fact that it is legitimate for the major countries who play the principal part in resolving international monetary and financial problems to consider their own national interests first, but we would suggest that far-sighted solutions should only be sought which would allow full weight to be given to the overriding interest of the whole world in free and unfettered trade. It would be disastrous if short-sighted and parochial policies were adopted which were inward-looking and protectionist of the interests of any or all of the major Powers. Much more so is it iniquitous for the major Powers to utilize their economic strength, gained from past ignorance in the developing countries, to perpetuate the untenable axis of metropolis and satellite through the strategy of economic force or military might.