UNCTAD Flashcards
What does UNCTAD stand for?
United Nations Conference on Trade and Development
When was it established?
In 1964 by the GA, resolution 1995 (XIX)
UNCTAD in the UN
it is as organ of the GA, and reorts to the GA through the economic and social cuncil
Origin of UNCTAD
After the establishment of the ITO, the UN system missed an organization analyzing trade and development from the perspective of developing countries, it was also demanded by the G7
The first secretary general, Raúl Prebisch, came from latin america, a continent that was teeming with revolutionary spirit to change the present world order. He gave UNCTAD a head start and became the intellectual leader of the New International Economic Order that came to dominate the UN debates in the late 60s and 70s
Explain the budget
The annual budget is 68$, extra budgetrary technical assistance funds of 40$million
Three pillars
Research and policy analysis
capacity building
consensus building
Goals of UNCTAD
Promote economic development and poverty reduction
contribute to the progressive and beneficial integration in the global economy
expand the capabilities of developing countries in the sphere of trade, investment and development, to assist them in overcoming the difficulties arisen as a result of globalization and to integrate on an equal footing into the world economy
Guiding principles
Independent research
competence
relevance and usefulness
scientific modesty
integrity
caution
What are the UNCTAD mandates
Resolution 1995
XII Accra Accord
XIII Doha Mandate
What are the guiding principles of the organization?
Independent research
Competence
Relevance and influence
Scientific modesty
Integrity
Caution
What are the different organs of UNCTAD?
UNCTAD intergovernmental
Quadrennial conference
Trade and development Board (with working body)
Trade and development board & Investment, Enterprise and development commission
How does the UNCTAD intergovernmental machinery prepare for meetings?
Agenda, documentation, outcomes, correspondence to Geneva
Members
195
How does voting/decision making work?
Consensus
Who determines the budget?
The UN Advisory Committee on Administrative and Budgetary questions