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By Robert F. Meagher

Booklet through Meagher, Robert F.

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Additional info for An International Redistribution of Wealth and Power. A Study of the Charter of Economic Rights and Duties of States

Sample text

By 1 9 5 5 , t h i s c o n f i g u r a t i o n w a s l i t t l e c h a n g e d ; only L i b y a h a d b e e n a d d e d t o t h e l i s t of i n d e p e n d e n t nations. S t r o n g a n t i c o l o n i a l s e n t i m e n t s w e r e m a n i f e s t e d a t t h e f i r s t m e e t i n g of t h e A f r o - A s i a n s t a t e s a t t h e B a n d u n g C o n f e r e n c e ( A p r i l 1 8 - 2 4 , 1955). The C o n f e r e n c e w a s n o t held u n d e r t h e a u s p i c e s of t h e U n i t e d N a t i o n s s y s t e m b u t w a s s u p p o r t e d a n d p l a n n e d by I n d o n e s i a , India, B u r m a , P a k i s t a n , a n d C e y l o n .

D) M e m b e r s h a v e " d r a w i n g r i g h t s " on t h e fund of r e s e r v e s . T h e y c a n d r a w on t h e s e in p r o p o r t i o n t o t h e i r q u o t a in o r d e r t o m e e t s h o r t - t e r m b a l a n c e of p a y m e n t s d i s e q u i l i b r i a ( i . e . , 3-5 y e a r s ) . A c c e s s t o t h e s e f u n d s , h o w e v e r , is c o n t i n g e n t on an i n t e r n a l a d j u s t m e n t p o l i c y . (e) V o t i n g is w e i g h t e d a c c o r d i n g t o t h e s i z e of a m e m b e r ' s c o n t r i b u t i o n ( w h i c h in t u r n is b a s e d on t h e s i z e a n d p r o s p e r i t y of o n e ' s e c o n o m y ) .

P r e b i s c h d e s c r i b e s t h e p o s i t i o n of t h e d e v e l o p i n g c o u n t r i e s in t e r m s of t h e i r f u n c t i o n a s t h e p r i m a r y - p r o d u c i n g " p e r i p h e r y " of t h e i n t e r n a t i o n a l e c o n o m i c o r d e r . (51) T h e " p e r i p h e r y " will r e m a i n in a d e p e n d e n t u n d e r d e v e l o p e d s t a t u s u n t i l t h e e x t e r n a l e c o n o m i c e n v i r o n m e n t is m a d e m o r e s t a b l e a n d t h e i n t e r n a l e c o n o m i c e n v i r o n m e n t m o r e flexible and a u t o n o m o u s .

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