The name "National Socialism" itself describes the fundamental orientation of Hitler's foreign policy. The nation, as a concept, was historically used almost interchangeably with race or ethnicity. Even under the legalistic framework of the League of Nations for European state relations, states had been drawn upon ethnically determined boundaries, following the tenets of Woodrow Wilson's Fourteen Points speech. The first priority of the National Socialists was to focus on the racial aspects of foreign policy. Socialism, on the other hand, is focused on the equitable distribution and redistribution of material goods within an economic system. As a latecomer to nationhood proper and industrialization, Germany was far behind other older colonial powers in the acquisition of territory abroad. Burdened with a burgeoning population, Germany had lagging ability to raise agricultural production to meet food demands, compete in markets for industrial goods, obtain cheap sources of raw materials, and find an acceptable outlet for emigration. National Socialist foreign policy thus focused on what they perceived as a more equitable international redistribution of material resources and markets.