UN General Assembly
1960

191. Among the advanced nations of the world, the goal of their economic policy was until recently the attainment of full employment. Now they have advanced a step further. Their new goal is set at the maintenance of economic growth without inflation. On the other hand, most countries of the world are still in a stage far behind the target of full employment. They are faced with the serious problems of how to clothe, feed and shelter their rapidly increasing population. These countries, as long as they rely solely on the production of primary commodities, will not be able to escape the adverse effects of economic fluctuations in the advanced countries, and, as in the case of the 1957-1958 recession, they will have to put up with the widening of the gap in living standards between them and the advanced nations.