UN General Assembly
1978

93. Here, too, the inequity of the world's economic conditions is evident. The prices of raw materials are low and do not match the rise in the prices of manufactured goods imported by the developing countries from the industrialized West. The deterioration in terms of trade at the expense of the developing countries continued in the 1950s and the 1960s. In other words, with the fall of the old colonial system, the situation in the countries producing raw materials worsened more and more as neocolonialism tended basically to reduce the prices of raw materials and to deplete the natural wealth of developing countries. No one can deny any longer that the sources of many raw materials are liable to exhaustion by the end of this century if they continue to be drained at the present rate.