International Co-operation in a Latin American Development Policy: Prepared for the Meeting of Ministers of Finance Or Economy, as the IVth Extraordinary Meeting of the Inter-American Economic and Social Council of the Organization of American States, to be Held at Rio de Janeiro, November 1954 |
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Common terms and phrases
absorb achieved agricultural anti-cyclical aspect balance of payments capacity cent collaboration Commission for Latin commodities consequences considerable considered contribution demand developing countries development of Latin development policy development programme domestic ECLA secretariat Economic Commission economic development effects encourage entrepreneur established existing experience export activities Export-Import Bank external favourable foreign capital foreign investment Fund given greater imports income increasing productivity indispensable industrial centres Inter-American interest International Bank international co-operation international credit institutions International Monetary Fund labour Latin American countries limited loans ment million dollars nature nomic obstacles obtained operations organization Organization of American period peripheral countries possible primary products private capital private enterprise private foreign private investment problem of productivity rate of growth Raúl Prebisch reason recommendation Rio de Janeiro social capital Social Council solution tariat tariff techniques terms of trade tion trade policy United Nations United States Government world trade
Popular passages
Page i - Prepared for the Meeting of Ministers of Finance or Economy, as the IVth Extraordinary Meeting of the Inter- American Economic and Social Council of the Organization of American States...
Page 128 - Agreement to the InterAmerican Economic and Social Council of the Organization of American States, and shall request that the Organization notify the Contracting Parties to the Convention of this Agreement.
Page 91 - As a market for our commercial exports, Latin America is as important to us as all of Europe and more important than Asia, Africa and Oceania combined.
Page 146 - ... term of office shall be for three years. For the initial period, one-third of the members shall serve for two years, one-third for three years, and one-third for four years, the term of each member to be determined by lot. (d) Retiring members shall be eligible for re-election. (e) In the event that a member of the Commission is unable to serve for the full three-year term, the vacancy thus arising shall be filled by a representative designated by the Member Government, subject to the provisions...
Page 145 - ... in international commodity trade which was recognized in the debates on the world economic situation and economic development, "Noting furthermore that several governments have expressed the view that, before the Commission is established, an opportunity should be given to the Contracting Parties to the General Agreement on Tariffs and Trade to consider to what extent the problem of instability in primary commodities should be dealt with under the auspices of that Agreement, "Noting that this...
Page 146 - Nations organs, specialized agencies, international study groups and inter-governmental bodies concerned with the problem of primary commodities or with related questions; more specifically, in the interpretation of its terms of reference and in the organization of its work, the Commission shall consult on a continuing basis with various specialized agencies and their subordinate bodies having responsibilities in the field of international commodity trade, and in particular, with the FAO Committee...
Page 5 - In approaching the problem of need for foreign capital, the report held that, in the final analysis, economic development is an urgent social need. "The desire for new consumption patterns and for the higher standards of material existence, which more advanced countries could only attain through a steady rise in productivity and per capita income, is spreading rapidly among underdeveloped countries.
Page 91 - Unfortunately, the people of the United States. do not seem generally to comprehend the full significance to us of stable economic relations with Latin America; moreover, some of our actions have caused leaders in those countries to adopt the mistaken view that we turn our attention to them only in times of crisis.
Page 69 - ... America has devoted a section of a recently published report to this problem under the heading: "The United States and Trade Reciprocity."66 The position of the United States as the principal dynamic centre of the world economy contributes very special emphasis to the concept of trade reciprocity. . . . Thus the tariff concessions granted by the United States to countries in course of development act as a counterpoise and world purchasing power generated by greater United States imports will...
Page 70 - ... tend to transform itself directly or indirectly into greater international demand for United States' exports. ... If the principle is recognised that the volume of Latin American imports is not determined by tariffs but by exports, it would not be difficult to find an agreement of interests. . . . This ability of the United States to obtain spontaneous reciprocity for its tariff concessions is a result of the fundamental changes that have taken place in the short lapse of one generation. Interested...