Title: DEVELOPING-DEVELOPED COUNTRY NEGOTIATIONS: RECENT EXPERIENCE AND FUTURE PROSPECTS
Abstract: Looking at the international economic and financial scene today, one cannot hut feel an acute sense of despondency. The most severe industrial recession the world has known since the 1930s continues unabated and, indeed, threatens to become permanent. Unemployment of men and machines is rising steadily and international liquidity is showing a disturbing vulnerability to even the most minor interference with payment flows. Furthermore, negotiations between developed and developing countries, to which the latter group attach so much importance, are beginning to falter before they have even properly got off the ground: the failure of the CIEC Conference in Paris to reach agreement on the main issues was a hitter blow to the developing countries’hopes, and the subsequent dispersal of the negotiations among the various international fora made it more difficult than ever for the 114 nations comprising this group to establish and maintain a cohesive approach on specific problems. It is against this bleak background that Dr. Avramović calls upon the developing countries themselves to take the initiative; they have the responsibility, he declares, to mitigate the effects of the recession on their own populations, and this they can do by cooperating with one another in the exploitation of the “enormous potential market for their exports (which) are the developing countries themselves.” By so doing, the developing countries could help themselves and, at the same time, provide a significant impetus to world economic recovery. Dr. Avramović concludes by proposing the establishment for this purpose of a developing countries’‐“centre for exchanges of information, analysis and coordination”.
Publication Year: 1978
Publication Date: 1978-06-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 1
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