Few would deny that the United Nations Conference on Trade and Development (UNCTAD) has, until recently, been a relative failure.2 Many reasons have been advanced for this, but the main reason is surely that, from the developed countries’ point of view, it seems all give and no take. The poor countries’ moral appeals and appeals to distant and uncertain national self-interest of the rich, backed by masses of facts and figures, were not enough. There must also be appeals to the clear and imminent self-interest and backing by power.
KeywordsBargaining Power Poor Country Development Perspective Rich Country Cartel Member
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- 6.Patel, I.G., ‘Some reflection on trade and development’, in Trade Strategies for Development, paper of the Ninth Cambridge Conference on Development, ed. Paul Streeten, Macmillan, London (1973) p. 45.Google Scholar
- 7.See also Bergsten, C. Fred, ‘The threat from the Third World’, Foreign Policy, vol. 11, (summer 1973).Google Scholar