An International Redistribution of Wealth and Power. A Study by Robert F. Meagher

By Robert F. Meagher

Ebook by means of Meagher, Robert F.

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By Robert F. Meagher

Ebook by means of Meagher, Robert F.

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Additional resources for An International Redistribution of Wealth and Power. A Study of the Charter of Economic Rights and Duties of States

Example text

To f o s t e r t h e d e v e l o p m e n t of i n f a n t i n d u s t r i e s , h e u r g e d t a r i f f p r e f e r e n c e s , n o n - r e c i p r o c i t y in t r a d e c o n c e s s i o n s , a n d r e g i o n a l i n d u s t r i a l i z a t i o n . T o a l l e v i a t e t h e p r e s u m e d d e t e r i o r a t i o n in t h e t e r m s of t r a d e , h e c a l l e d for i n t e r n a t i o n a l c o m m o d i t y a g r e e m e n t s a n d c o m p e n s a t o r y payments. H e a l s o a d v o c a t e d t h e c r e a t i o n of a n i n t e r n a t i o n a l t r a d e o r g a n i z a t i o n to e x a m i n e and i m p l e m e n t such policies.

T h e C o n f e r e n c e d e c l a r e d t h a t d e t e n t e did n o t m e a n t h a t the struggle against imperialism, neocolonialism, direct colonialism, and a p a r t h e i d h a d e n d e d . In i t s E c o n o m i c D e c l a r a t i o n a n d A c t i o n P r o g r a m for E c o n o m i c C o o p e r a t i o n , it b l a m e d t h e f a i l u r e of t h e I n t e r n a t i o n a l D e v e l o p m e n t S t r a t e g y on t h e l a c k of p o l i t i c a l will by t h e d e v e l o p e d c o u n t r i e s a n d on t h e i n a d e q u a c y of t h e g r o w t h t a r g e t r e l a t i v e t o t h e r e a l n e e d s of t h e d e v e l o p i n g c o u n t r i e s .

The developing countries viewed U N C T A D a s a m e a n s of c i r c u m v e n t i n g d e v e l o p e d c o u n t r y c o n t r o l of t h e various international financial institutions, a control which was ensured through weighted voting. A m a j o r c o n f r o n t a t i o n t o o k p l a c e a t G e n e v a o v e r t h e m e t h o d of v o t i n g t o b e e m p l o y e d by U N C T A D . The developed c o u n t r i e s sought a dual voting s t r u c t u r e , w h i c h would h a v e r e q u i r e d a m a j o r i t y of t h e 12 m a j o r t r a d i n g p o w e r s a s well a s a n o r m a l m a j o r i t y of t h e w h o l e , t o a p p r o v e r e s o l u t i o n s .

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