Note on UNCTAD II and its consequences for Africa

Abstract

The first session of UNCTAD was widely thought to have laid down a number of important new principles on the basis of which detailed measures for a new international economic system could be worked out. These measures would be designed to change the traditional system of international trade which held so many disadvantages for the developing countries and to increase the flow of international financial assistance for the purpose of accelerating the progress of these countries. The period between the first and the Second Sessions was supposed to have been devoted to elaborating these measures.