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  • Print publication year: 2019
  • Online publication date: December 2019

14 - Rupture and Continuity: North–South Struggles over Debt and Economic Co-operation at the End of the Cold War

from Part II - The Generative/Productive Cold War

Summary

On 1 May 1990, during the 18th Special Session on international economic cooperation, the General Assembly passed a resolution supporting a ‘Declaration on International Economic Co-operation, in Particular the Revitalization of Economic Growth in Development of the Developing Countries’. The overarching framework of the Declaration is the ‘strong commitment to a global consensus to promote urgently international economic co-operation for sustained growth of the world economy’ and the revitalisation of economic growth in developing countries after the 1980s, ‘a decade lost to development’. The Declaration was the product of a ‘long and arduous negotiations’ and ‘protracted … discussions’ which, after its adoption, was celebrated as a ‘pioneering landmark in the annals of international economic co-operation’. In retrospect though, it has been all but forgotten.

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