"A convincing argument of how economic growth in the South has a directly positive global effect is put forward. A large scale transfer of funds from the North to the South would have an anti-inflationary effect on the North, would help the world economy out of recession in the short-term and contribute to greater growth in the long-term. Overall this would significantly expand world trade and directly support growth in developing countries, thereby increasing economic prosperity and employment in the North, and stabilizing financial markets."
January 1, 1970
https://en.wikiquote.org/wiki/Brandt_Report