U.N. Conference on Trade and Development, Part 3: The Truths UNCTAD Will Not Face

Publication Date: November 1984

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Stanley J. Michalak

Research Area: Economics

Keywords: Trade and foreign aid

Type: Report

Abstract:

As some of UNCTADfs own studies reveal, more money, international planning, and greater controls on multinational corporations will not make it easier for Third World countries to grow and develop. If UNCTAD really wants to spur development, it must study those countries that have succeeded and failed in this area over the past two decades. If the Organization undertakes such studies, however, it soon will find that much of what UNCTAD opposes, namely, the use of markets and private sector forces, is largely responsible for the development successes in the Third World.