Business Environment, 4th Edition by Pearson

756 | Chapter 25

A Review of the Functioning of UNCTAD

About eight conferences have been held so far under the auspices of UNCTAD.

Given the important role of primary commodities and natural resources in the

external sectors of the developing countries, the initial focus of UNCTAD was

on commodity policy and eorts to stabilise and expand the export earnings

of these countries. In the process, UNCTAD adopted a group approach to

negotiation with OECD countries (i.e., the industrial economies), lining up

together (Group B) the Centrally planned economies of Central and Eastern

Europe and the Soviet Union plus a few similar economies forming their ...