Togo's Foreign Minister M. Joachim Hunlede, on Wednesday (17 April) called on developing countries to?
Togo's Foreign Minister M. Joachim Hunlede, on Wednesday (17 April) called on developing countries to take a more active part in international economic affairs.
M. Hunlede was addressing the Sixth Special session of the United Nations General Assembly discussing problems of raw materials and development.
M. Hunlede said developing nations were vulnerable to changes ---even minor changes --- in the economies of the richer nations, and this had been proved by the world's present energy and currency problems.
The Togo Foreign Minister said the developing countries should try to maintain their unity and so establish more equal relations with the richer nations.
He said it was a difficult task for the developing countries, but something had to be done to break the economic imbalance between the rich and poor countries.
A translation of part of M. Hunlede's speech follows:
SYNOPSIS: Togo's Minister of Foreign Affairs, M. Joachim Hunlede spoke to the United Nations General Assembly on Wednesday about the problems facing the world's developing nations in today's economic climate. He was speaking to the sixth special meeting of the Assembly, discussing the problems of raw materials and development.
M. Hunlede said the world had been suffering recently from economic disorders. He put the problems down to the lack of balance in international trade, and a general erosion of currency values.
M. Hunlede said the world's economic ills had shown clearly the growing interdependence of the developing and richer countries. He said the poorer countries had proved to be vulnerable to changes---even minor changes, in the economies of the richer nations.
M. Hunlede said the disparity in industrial progress between the richer and poor nations was a clear indication of the present economic imbalance. He said it was up to the poorer nations to take steps to break the imbalance.
The Togo Foreign Minister said the oil problem and the energy crisis in general had given a new dimension to inflation problems. He said the crisis had served to disrupt balance of payments and increase the cost of living.
M. Hunlede said the developing countries should take a more active part in international economic affairs. They should establish more equal relations with the rich countries by uniting economically.