ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The 77 Missing Accent on Self-Help

The 77 Missing Accent on Self-Help

porated in a statement of demands for consideration at the New Delhi UNCTAD, The recommendations include commitment of one per cent of their gross national product by developed countries for economic assistance to developing countries; transformation of the World Bank into a development bank lending exclusively to developing countries; ending of aid tied to purchases from the donor countries; establishment of an international supplementary financing system to meet unexpected shortfalls in export earnings of developing countries; tariff-free and unrestricted entry of manufactured and semi-manufactured goods from developing countries into developed countries; setting up of a joint UNCTAD-GATT centre to promote trade between developing and developed countries; and conclusion of international agreements for cocoa and sugar by the beginning of next year and in course of time for a wide range of other primary commodities. A demand aimed at the socialist countries is that they should link their credits for industrial development to a system of payment in kind from the products of the industries thus developed.

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