In the Philippines, the United Nations Conference on Trade and Development -- UNCTAD -- is continuing with discussions on the position of Third World nations in relation to the developed countries.
SV ZOOM OUT U.S. Ambassador to United Nations Andrew Young and wife down aircraft steps at Manila airport
SV Andrew Young greeting people at airport (4 shots)
GV Spectators at airport
SV INTERIOR Young speaking
SV Conference president listening
SV & SCU Young continues speaking (2 shots)
GV Audience listening to Young speaking
YOUNG: "We have also come to understand our diversity. Just as we are many societies and cultures, so are we many and different economies. We are also aware that a more prosperous and equitable international economic order is not within the power of anyone country, or of any group of countries -- simply to confer. We were impressed by the commitment of the developing countries at Arusha to find effective and meaningful solutions to their acute social and economic problems."
YOUNG: "Development is a shared responsibility. All countries will respond more readily to calls for joint action rather than unilateral demands. The developed countries must also commit themselves to domestic policies that promote stable growth without inflation, while continuing to increase the flow of financial resources to the less affluent countries. Their domestic economic situations cannot be an excuse for neglect. Rather they must see world-wide development ass a possible answer to inflation and recession. The developing countries for their part must commit themselves to stable, long-term and effective development policies. We all will have to avoid the temptation of placing on the international system the blame for problems that can best be dealt with at home."
Also on Monday, the United Nations Food and Agricultural Organisation warned that the world could face serious food shortages similar to those of five years ago when millions starved to death, unless a new grain pact was reached soon. FAO Director General Eduard Saouma told the UNCTAD conference that the gap between farm production and requirements was widening -- and he called for a five-point action programme to re-open and settle grain agreement negotiations which were stalled earlier this year.
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Background: In the Philippines, the United Nations Conference on Trade and Development -- UNCTAD -- is continuing with discussions on the position of Third World nations in relation to the developed countries. Various developing states have accused the rich countries of exploitation and protectionism -- and trans-national business corporations have also been criticised. However, one Monday (14 May) Norway pledged twenty two million U.S. dollars to a new fund to help Third World countries develop their commodity interests.
SYNOPSIS: Last week (11 May), United States Ambassador to the United nations Andrew Young arrived in Manila with his wife to attend the conference. The main theme of his speech was the economic responsibilities of the developed nations. but first he high-lighted the variations in world cultures and economies.
Mr. Young's economic message was precisely defined.