Wide gap between industrialized and poor nations


BELGRADE, Yugoslavia -- Delegates from more than 150 nations ended a month-long meeting on the world economic crisis Sunday, with the United States disassociating itself from a call for a new economic order.

Reserves expressed by the United States over the call, contained in a compromise resolution accepted at the final session of the U.N. Conference on Trade and Development, reflected the wide gap between Third World and industrialized nations.


Britain, West Germany, Japan, Belgium, Denmark, Australia and New Zealand supported the United States in maintaining that the world economy is on the way to a recovery that will simultaneously aid the economies of Third World countries, burdened with foreign debts of $700 billion.

Some 3,000 delegates from more than 150 nations took part in the June 6-30 UNCTAD session, which was extended for 2 days as delegates bargained over various issues. A final plenary session began Saturday afternoon and met until shortly after 4 a.m. Sunday.

The compromise resolution adopted by the final session called for a new economic order, meaning the restructuring of international financial and trade institutions and increased aid and loans for developing countries.

U.S. delegate Gordon Streeb, while agreeing to the compromise, told the meeting the resolution is 'ideologically unacceptable' because its description of the present situation is too negative.


Yugoslav Foreign Minister Lazar Mojsov, president of the sixth UNCTAD session, said the Belgrade conference with the accepted resolutions on trade, commodities and finances was a 'certain step forward.'

Mojsov said nobody could expect that one UNCTAD session held every four years would solve all the major problems.

'It is important that a constructive atmosphere has been preserved as well as the continuation of a dialogue,' he said.

Somalian Ambassador Abdilahi Said Osman, president of the Group-77 of the Third World nations, expressed his deep dissatisfaction with 'poor results' achieved at the conference.

'We have missed a historical chance to significantly contribute to the world development and economic recovery,' he said.

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