UN General Assembly
1956

72. Throughout this continent of America, united in political and economic co-operation, we fight in the cause of the world. In the Americas, we ate at the beginning of the road to economic co-operation. The underdeveloped countries, with low standards of living, are one of the breeding-grounds of disturbances to world peace and, because of the understandable resentment that arises, of the psychology of Violence. The countries of Latin America import machinery and wish to attract foreign capital because they do not Wish to stagnate in a primitive economy as mere producers of raw materials. They demand opportunities of full economic development and industrial progress under an international system of co-ordinated economies, governed by fraternal understanding, to the benefit of all countries.