Introduction to the 1968 UNCTAD II Conference
The second United Nations Conference on Trade and Development, commonly referred to as UNCTAD II, was hosted in New Delhi from February 1-11, 1968. This conference brought together representatives from across the globe to discuss crucial issues concerning economic development and international trade. UNCTAD was established to address the inequities in trade relationships between developing and developed nations, aiming to promote a more fair and equitable trade system.
The Purpose of UNCTAD II
UNCTAD II aimed to provide a platform for developing countries to assert their position in global arenas. With many countries emerging from the colonial era, there was a significant push for increased representation and fairer trade agreements. The conference focused on various issues such as the need for more favorable trade terms, technology transfer, and resources to support economic growth in developing countries.
Attendees and Discussions at UNCTAD II
The conference saw participation from over 130 countries, highlighting the significance of collective dialogue among nations. High-profile delegates included leaders and economists who actively engaged in discussions regarding the structure of the world trade system. The outcome of these discussions aimed to enhance the economic independence of developing nations, creating partnerships to better leverage their resources.
Outcomes and Impact of UNCTAD II
UNCTAD II resulted in numerous resolutions and recommendations that shaped future trade policies. One of the critical achievements was the establishment of a more coherent framework for trade negotiations, which emphasized the importance of equitable treatment for developing nations.
Key Resolutions from UNCTAD II
The resolutions put forth during the conference focused on several key areas, including the reduction of trade barriers, mechanisms for ensuring fair pricing for raw materials, and the establishment of a common fund to support commodity stabilization. These resolutions were pivotal in advocating for the interests of developing countries in international trade discussions.
Long-term Impact on Global Trade Policy
The discussions and outcomes of UNCTAD II laid the groundwork for future international trade discussions, emphasizing the role of trade as a tool for development. The conference itself represented a significant step towards integrating developing countries into the global economy, encouraging them to participate actively in shaping trade policies that would affect their economic destinies.
Fun Fact
The Cultural Theme of UNCTAD II
The opening ceremony of UNCTAD II included performances showcasing India's rich culture, which was a reminder of the diverse backgrounds of the countries represented at the conference. This celebration emphasized the unity and collaborative spirit needed for successful international dialogue.
Additional Resources
Recommended Reading on UNCTAD and Global Trade
For those interested in learning more about the history and significance of UNCTAD, consider reading "The UN Conference on Trade and Development: The First Decade" by John J. Kirton and "Globalization and Development: A Handbook" by Alexander B. Murphy. These texts offer great insights into the evolution and impact of international trade policies.
Continue with Google