Read e-book online An International Redistribution of Wealth and Power. A Study PDF

By Robert F. Meagher

ISBN-10: 0080224784

ISBN-13: 9780080224787

ISBN-10: 0080275575

ISBN-13: 9780080275574

Booklet via 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

Sample text

53) Decolonization T h e L a t i n A m e r i c a n s w e r e t h e only i n d e p e n d e n t , a r t i c u l a t e g r o u p of d e v e l o p i n g c o u n t r i e s w h i c h c o u l d h a v e b e e n d e s c r i b e d a s a " b l o c " in t h e e a r l y p o s t w a r p e r i o d . In 1 9 4 5 , E g y p t , E t h i o p i a , L i b e r i a , a n d S o u t h A f r i c a w e r e t h e o n l y i n d e p e n d e n t A f r i c a n s t a t e s ; a l t h o u g h E g y p t had b e e n n o m i n a l l y i n d e p e n d e n t s i n c e 1929, t h e B r i t i s h s t i l l p l a y e d a p e r v a s i v e r o l e .

Thus, t h e t e r m s of t r a d e of p r i m a r y p r o d u c t e x p o r t i n g c o u n t r i e s t e n d e d t o d e t e r i o r a t e . M o r e o v e r , t h e r e l a t i v e i n c o m e i n e l a s t i c i t y of t h e d e m a n d for p r i m a r y p r o d u c t s m e a n t t h a t d e v e l o p i n g c o u n t r i e s did n o t s h a r e p r o p o r t i o n a t e l y in t h e e x p a n s i o n of w o r l d t r a d e . For these two reasons their c a p a c i t y t o p u r c h a s e i m p o r t s d e c r e a s e d o v e r t i m e .

T h e c r e a t i o n of E P T A w a s in r e s p o n s e t o t h e g r o w i n g d e m a n d s of d e v e l o p i n g c o u n t r i e s , in p a r t i c u l a r t h e L a t i n A m e r i c a n c o u n t r i e s in E C O S O C a n d t h e G e n e r a l A s s e m b l y . (38) T h e y a r g u e d t h a t , w h i l e e c o n o m i c s u r v e y s a n d o t h e r f o r m s of t e c h n i c a l a s s i s t a n c e w e r e e s s e n t i a l , t h e y w e r e i n a d e q u a t e . T h e e s t a b l i s h m e n t of E P T A led t o a d r a m a t i c s h i f t in S p e c i a l i z e d A g e n c y a c t i v i t i e s a w a y f r o m r e s e a r c h a n d s t a n d a r d - s e t t i n g a n d t o w a r d s field o p e r a t i o n s .

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An International Redistribution of Wealth and Power. A Study of the Charter of Economic Rights and Duties of States by Robert F. Meagher


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