Effects of the World Inflationary Phenomenon on the Development Process

A/RES/34/197No PDF available

Who created this mandate?

A Resolution of the General Assembly, under agenda item 56United Nations Conference on Trade and Development, published in 1980.

What other versions does this mandate have?

3 versions · 1978–1980

1980A/RES/34/197Effects of the world inflationary phenomenon on the development processLatestCompare with previous version
1979A/RES/33/155Effects of the world inflationary phenomenon on the development processCompare with previous version
1978A/RES/32/175Effects of the world inflationary phenomenon on the development process

Versions are identified automatically by matching titles within the same organ (~97% accuracy on a manual audit).

What subjects does this mandate have?

2 topics

Development Inflation

What does this mandate say?

8 operative paragraphs

Recognizes that the present world inflationary process seriously affects the economies of the developing countries because, inter alia:

It has increased the cost of their essential imports, particularly capital goods and manufactures;

It has led to instability in the export eamings of their essential commodities;

It has caused considerable fluctuations in the exchange rates of the countries with greater trading activity, with resultant adverse effects ~n world ~rade, particularly on the exports of the developmg countnes;

(á)

It has substantially increased the current account deficit and the debt burden of the developing countries;

It has reduced the real value of the flow of (e) official development assistance;

It has adversely affected the net flow of real resources, thereby aggravating the trade and development problems of the developing countries;

It has reduced the real value of the monetary reserves of the developing countries;

Affirms, therefore, the urgent need for the implementation of policies, particularly by industrialized countries, to control inflation by, inter alía, such measures as elimination of protectionism, fiscal and monetary policies, acceleration of the transfer of real resources to developing countries, structural adjustments and sustained real economic growth;

Requests the Trade and Development Board, when considering the item entitled "Interdependence of trade problems, development finance and the intemational monetary system", which it maintains on its agenda by virtue of its decision 144 (XVI), to discuss measures to combat the world inflationary phenomenon with a view to accelerating the real growtb of the developing countries and increasing their import capacity in a context of just and stable financial markets;

m See Official Records of the General Assembly, Thirty-first Session, Supplement No. 15 (A/31/lS and Corr.1), vol. II, annex l.

1e3 lbid., Thirty-fourth Session, Second Committee, 41st meeting, para. 41.

V.

Requests the Secretary-General of the United Nations Conference on Trade and Development, with the assistance of experts, if necessary, as envisaged in Trade and Development Board decision 144 (XVI), to prepare a report on this subject for consideration by the Trade and Development Board ami subsequently by the General Assembly at its thirty-sixth session.

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What does this mandate say?

V.

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