Togo's Foreign Minister M. Joachim Hunlede, on Wednesday (17 April) called on developing countries to?
GV INT. Togo Foreign Minister at Dias
SCU Togo Minister speaking as delegates listen
The world has been suffering, recently, from an economic disorder shown in the lack of balance in international trade, which has been aggravated by a monetary erosion. By showing quite clearly the growing interdependence of developed and underdeveloped countries, this fact has proved the vulnerability of poor countries to changes, even minor, which have occurred in the economy of rich countries.
The permanent disparity between industrial progress in industrial and developing countries is a clear indication of the present economic inbalance. The impact of two latest events on the economies of developing countries has made the poorest aware of the difficulties of protecting their interests.
The worrying question of oil, generally called "energy crisis", whilst worsening the situation, has given a new dimension to inflation problems, to the balance of payments and to the increase of the cost of living.
Facing this situation, developing countries have understood that their interest lies in taking a more active part in economic international affairs, while trying to maintain unity between under develop countries, and establishing more equal relations between rich and poor countries.
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Background: 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.