UN General Assembly
1962

127. Vociferous alarm has been expressed about the increasingly abundant output of coffee, cocoa or peanuts, while nothing has been said about products which are in increasing demand but the prices of which remain stable, such as diamonds, gold, oil, radio-active minerals, zinc, copper and so on. This in itself sufficiently illustrates the mercantile nature of the economic relationships that have been set up between the highly-developed countries and the countries producing raw materials and primary commodities, to which category Africa belongs. 128; The African nations are becoming daily more aware that if the important and urgent social problems that confront their peoples are to be adequately solved, they must bring about the indispensable transformation of their barter-type economies as soon as possible. It is obvious that although the solution of the economic, and social problems of our peoples necessarily depends on the industrialization of our countries, this can hardly be achieved within the limits of the micro-economies of our States.