UN General Assembly
1963

62. Finally, allow me to turn briefly to another problem —that is, the problem of economic and social development. Many of the countries in Africa and Asia that have recently acquired their political independence are facing a considerable measure of economic strain, and their need for assistance from the more prosperous countries is more acute at this stage of their development than at any other time. One of the essential tasks facing a developing country is the urgent need to raise the standard of living of its people and to improve their social condition. The need of these countries is not for financial assistance alone, but embraces several other factors, particularly the need to make available to them markets for their raw materials and other products, with a corresponding right to be paid a fair compensation for their goods. At present the developing countries are not receiving adequate compensation for their products, agricultural or otherwise, in the international market. These countries are facing insurmountable difficulties. Every year they are receiving less for their exports while paying more for their imports.