Economic Policy

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By United Nations

This e-book commemorating the 40th anniversary of the institution of UNCTAD exhibits how UNCTAD´s paintings has advanced and identifies a few of the significant highbrow contributions that the association has made by way of either analytical perspectives and coverage proposals. In a thought-provoking preface to the e-book, Mr. Rubens Ricupero, supplies his own reflections on his 9 years at UNCTAD as Secretary-General.

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Additional info for Beyond Conventional Wisdom in Development Policy: An Intellectual History of UNCTAD 1964-2004

Example text

As early as the 1947-1948 Havana Conference, the Latin American countries, many of which were original contracting parties to the General Agreement on Tariffs and Trade (GATT), had been advocating setting up a system of multilateral trading rules that would be more consistent with their development goals. The independence of the former colonies in Asia and Africa gave momentum to this cause. In this context, UNCTAD was viewed by many as an alternative to the GATT system that was considered by developing countries to have been drawn up without their effective participation and thus not reflecting their interests.

As nothing could be more central to trade in goods than these two most ancient goods in the history of civilization and trade, one is forced to conclude that the choice was not the result of principle and sound economic doctrine but simply of expediency and national interests or, as the text puts it, that some issues were excluded because they were “politically sensitive”. In other words they belonged to the area where power rather than economic logic plays a prevalent part. So much then for the ideological argument that issues like commodities were “extraneous” and would “overburden” an organization devoted to the pure ideal of liberalization of trade in goods.

This draft resolution was not approved by ECOSOC. As GATT was not an international organization as such, but a provisional legal instrument, its participants were called contracting parties. On the other hand, the participants to the W O , which is a fully fledged international organization,are called members. 5 An Intellectual History of UNCTAD clearly viewed UNCTAD at that time as a new institution capable of addressing their interests and concerns in an alternative way as compared to GATT. However, they also recognized that the establishment of UNCTAD was a compromise that was far Erom their original ambitions.

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