Word: prebisch
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...official close last week, delegates from many developing nations considered extending it for some days. And why not? What UNCTAD lacked in substance it more than made up for in fun and games. The partying was so intense that UNCTAD's founding father, the noted Argentine economist Raul Prebisch, noticeably avoided the meeting, and one Belgian delegate went on a hunger strike in protest. The Chilean government had laid on a cultural program of symphony and folk music, ballet and theater-but had to cancel it after one week because of low attendance...
...longer term, Balogh believes that many underdeveloped nations are so backward and Balkanized that their best hope lies in banding into regional common markets, such as the Latin American Free Trade Association conceived by his ally, Argentina's Raul Prebisch. Richer nations should not only greatly increase their foreign aid, but also channel it through an international organization and budget it on a long-term basis. To accomplish this, the world needs a major reform of its monetary system so that generous nations-notably the U.S.-would not be penalized by balance-of-payments deficits as a result...
...Raul Prebisch, Secretary-General of the United Nations Conference on Trade and Development, will discuss "The Impact of Technological Progress on Developing Countries" at 4:30 p.m. today in Littauer Auditorium...
...single world currency. France's Robert Marjolin, first vice president of the Common Market, is also pressing for the "Marjolin Plan" that would unite nearly all the Six's fiscal and monetary policies in a super federal-reserve system. Argentina's Raúl Prebisch, who initiated and negotiated the Latin American Free Trade Association, was also the prime mover of the recent U.N. Conference on Trade and Development, is favored to become head of the ambitious global trade organization that grew out of that meeting. True, neither LAFTA nor the U.N. conference has accomplished much...
...resolutions meant little without the backing of the industrial nations that carry on 80% of the world's trade. Working against the June 15 adjournment deadline, the conference's president, Egypt's Deputy Premier Abdel Moneim El-kaissouni, and secretary general, Argentine Economist Raul Prebisch, used their skills as suave fixers ,to salvage some things. The industrial nations' delegates made several soft compromises. By supporting proposals to reconvene the trade meeting every three years and to set up a small secretariat at Geneva, they moved toward creating what someday could become a new trading organization...