EQUITABLE REPRESENTATION OF ECONOMIC INTERESTS OF MEMBERS OF THE UNITED NATIONS ORGANIZATION, A MYTH OR A REALITY?

Abstract

International organizations, despite their widely diverging objectives, powers, fields of activity and number of member states, share all kinds of problems. The rules for dealing with these problems are often times termed “similar”. There is no gain saying that the world, being a global village, depends for her future on international order. Our destiny is increasingly influenced by the activities – or lack thereof – of international organizations. These activities affect our daily life more than we often realize. The growing significance of international organizations makes it necessary to analyze their law and practice, and most especially representation of interests. There are countless Organizations that make up an assemblage of the International Organizations.Each organization has its own unique law and practice, designed for the realization of its objectives. Consequent to the Second World War, various international organizations sprung up almost automatically as soon as an international problem arose and the need for foreign countries, with their respective and divergent levels of wielding economic might, to cooperate to bring a long or lasting solution to the said identified problem. These problems ranged from natural/man-made disasters, nuclear accidents, Hunger, epidemics/pandemics, spread of radiation, civil war,modern weaponry, international terrorism and other security threat etc.In dealing with these problems however, it is expected that the laws and practices of these and other international organizations are frequently taken into account.The challenge however, being that these institutions as have been formed, do not have the same level of Economic Sagacity and wield power, especially with their respective contributions to the finding of lasting solutions to these problems.This presentation further intends to peer into andreconcile the wish of states to remain independent with the reality of a growing list of trans-boundary problems. It further sets to look at whether the creation and functioning of the United Nations Organization on the international stage did not relegate sovereign states to the wings, thereby leaving an aura that states remain the leading actors in international relations to the extent of their economic prowess and contribution