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Power and Politics at the U.N.

Published online by Cambridge University Press:  06 September 2018

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Extract

If it was nothing else the U.N. Special Session on Raw Materials and development, which stirred the East River enclave to an unwonted pitch of springtime activity last April, was a display of Third World solidarity. In spite of the massive balance-of-payments crisis threatening many of the less developed nations — a result of the sudden steep rise in the price of oil plus sharp increases in the prices of food and fertilizer — the atmosphere in the public forums reflected near euphoria because of the oil-producing (OPEC) nations' dramatic success in gaining control of their own natural resources.

Type
Research Article
Copyright
Copyright © Carnegie Council for Ethics in International Affairs 1974

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References

page 31 note • “UN Conference on Raw Materials and Development: Problems of Raw Materials and Development: Note of the Secretary-General of UNCTAD,” April 4, 1974, with Addendum (UNCTAD/OSG/52/Add.l).

page 31 note •• “Additional External Capital Requirements of Developing Countries,” an analysis by the Staff of the World Bank Group.