Speaking at a special United Nations session on world economic problems in New York on Monday (April 15), United States Secretary of State Dr.
Speaking at a special United Nations session on world economic problems in New York on Monday (April 15), United States Secretary of State Dr. Henry Kissinger warned the member-nations that 'we are part of a single international economic system' and that 'no bloc of nations can unilaterally determine the shape of the future'.
He said that commodity producers would find that they were not protected from the consequences of their restrictions on supply of materials or the escalation of prices.
Dr. Kissinger suggested that the industrialized countries -- in return for a good supply of oil -- should develop new fertilizer industries in oil-producing countries using the raw materials and capital they unicuely possess'.
The Indonesian Foreign Minister, Mr. Adam Malik, said that the present energy crisis was the fault of the industrialized nations, who should have gradually paid more for oil over the last 20 years instead of suddenly being caught by a gigantic increase.