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April 5, 2017 | Economic Policy | By admin | 0 Comments

By United Nations

This booklet commemorating the 40th anniversary of the institution of UNCTAD indicates how UNCTAD´s paintings has advanced and identifies the various significant highbrow contributions that the association has made by way of either analytical perspectives and coverage proposals. In a thought-provoking preface to the ebook, Mr. Rubens Ricupero, offers his own reflections on his 9 years at UNCTAD as Secretary-General.

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Additional resources for Beyond Conventional Wisdom in Development Policy: An Intellectual History of UNCTAD 1964-2004

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In reality, both types of organizations do limit sovereignty, albeit not always in ways affecting economic interests. It is sufficient to think about treaties limiting armaments to see the point. What Hart really means is that GATT (today the WTO) obligations are not more “legal” than other commitments or more limitative of sovereignty but that they are enforceable because they have at their disposal a dispute-settlement mechanism capable of imposing sanctions, that is, with teeth. In that sense, one may say that GATTNTO is not entirely unique but belongs in the very rarefied category of the “happy few”.

In that sense, one may say that GATTNTO is not entirely unique but belongs in the very rarefied category of the “happy few”. ) In that article, Lafer, currently Professor of International Law at the University of Sgo Paulo, clarifies: “UNCTAD, it is useful to stress, is not a An Intellectual History of UNCTAD specialized international organization created by a specific treaty, as in the case of the IMF or the World Bank, with their own competences and resources in the area of finance and which are part of the UN system...

I have no problem in concurring with a view that reaffirms the need for a strong institution embodying multilateral trade rules and dispute-settlement mechanism, as described historically by Hart in relation to GATT and the WTO. Even if developing countries did not exist or were located in a separate planet such an institution would have been indispensable in order to negotiate new rules and to solve problems that continue to exist in the international trade between fullydeveloped countries, for instance between Japan and the United States or between the European Union and Switzerland.

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