Abstract
Few would deny that the United Nations Conference on Trade and Development (UNCTAD) has, until recently, been a relative failure.2 Many reasons have been advanced for this, but the main reason is surely that, from the developed countries’ point of view, it seems all give and no take. The poor countries’ moral appeals and appeals to distant and uncertain national self-interest of the rich, backed by masses of facts and figures, were not enough. There must also be appeals to the clear and imminent self-interest and backing by power.
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