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

By Robert F. Meagher

Booklet by way of Meagher, Robert F.

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

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D o l l a r s in t h e d e v e l o p i n g c o u n t r i e s . (61) In o r d e r t o s o l v e t h e p r o b l e m s of t h e poor c o u n t r i e s , i t w a s a r g u e d t h a t " a n e w t y p e of i n t e r n a t i o n a l r e l a t i o n s " w a s n e c e s s a r y . T h e e l e m e n t s of t h e n e w o r d e r c a m e u n d e r t h e f o l l o w i n g h e a d i n g s : t r a d e a n d m o n e t a r y r e l a t i o n s ; food; sovereignty over natural r e s o u r c e s , including t h e right to nationalize property u n d e r n a t i o n a l l a w ; r e g u l a t i o n of t r a n s n a t i o n a l c o r p o r a t i o n s ; t r a n s f e r of technology; cooperation among developing countries, and between them and d e v e l o p e d c o u n t r i e s ; t h e e n v i r o n m e n t ; a c h a r t e r of e c o n o m i c r i g h t s a n d d u t i e s of s t a t e s ; s p e c i a l m e a s u r e s for t h e l e a s t d e v e l o p e d c o u n t r i e s , i n c l u d i n g l a n d l o c k e d c o u n t r i e s ; a n d t h e p r e s e r v a t i o n a n d d e v e l o p m e n t of n a t i o n a l c u l t u r e s .

T h e P h i l i p p i n e s , L a o s , a n d I n d o n e s i a a l s o a c h i e v e d i n d e p e n d e n c e d u r i n g t h i s p e r i o d . By 1 9 5 5 , t h i s c o n f i g u r a t i o n w a s l i t t l e c h a n g e d ; only L i b y a h a d b e e n a d d e d t o t h e l i s t of i n d e p e n d e n t nations. S t r o n g a n t i c o l o n i a l s e n t i m e n t s w e r e m a n i f e s t e d a t t h e f i r s t m e e t i n g of t h e A f r o - A s i a n s t a t e s a t t h e B a n d u n g C o n f e r e n c e ( A p r i l 1 8 - 2 4 , 1955).

T h e i r u n i t y of p u r p o s e a n d i n t e n t i o n t o f u n c t i o n a s a n e g o t i a t i n g b l o c w a s m a d e q u i t e c l e a r in t h e J o i n t D e c l a r a t i o n of t h e 77 D e v e l o p i n g C o u n t r i e s , (73) issued a t t h e c l o s e of t h e C o n f e r e n c e . U N C T A D b e c a m e t h e i n s t i t u t i o n a l f o r u m of t h e L D C s ; it w a s t h e i r a g e n c y , r a t h e r t h a n a r e m n a n t of p o s t w a r p l a n n i n g , a n d t h e y h o p e d t h a t it would b e c o m e t h e c o o r d i n a t o r a n d o v e r s e e r of all U n i t e d N a t i o n s a c t i v i t i e s in t h e d e v e l o p m e n t f i e l d .

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