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Possible effects of the Common Fund

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Intereconomics

Abstract

After five years of tough negotiations at numerous conferences about an integrated Programme for Commodities (IPC) the participating countries agreed in March 1979 on basic and operational regulations for the key instrument of this programme, a Common Fund. In its present version it is closely related to the ideas of the “hard-liners” among the industrialized states and—what is most important—seems incapable of contributing significantly to a solution of the global investment, diversification and price stabilization problems in the commodity sector.

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References

  1. Cf. TD/B/C.1/193, p. 6.

  2. Cf. TD/JPC/CF/CONF/L. 4; TD/B/IPC/CF/8; TD/IPC/CF/CONF/L. 7.

  3. Cf. TD/IPC/CF/CONF/L. 2; TD/IPC/CF/CONF/L. 4; TD/B/IPC/CF/2.

  4. Cf. TD/B/IPC/CF/4, p. 15; TD/B/IPC/CF/8, p. 14; TD/IPC/CF/CONF/L. 2, p. 10–12.

  5. See Note 3. Cf. TD/IPC/CF/CONF/L. 2; TD/IPC/CF/CONF/L. 4; TD/B/IPC/CF/2.

  6. Cf. TD/IPC/CF/CONF/11.

  7. Cf. Resolution of March 20, 1979 (preliminary copy), p. 2.

  8. Cf. Süddeutsche Zeitung. Eine Bank für die Rohstoff-Lagerung (A bank for storing of raw materials). March 22, 1979; and also the remarks of Otto Count Lambsdorff, Federal Minister for Economic Affairs of the Federal Republic of Germany, to Third World ambassadors at the UN in New York, in: Europa Archiv 8/1979, D 205.

  9. Cf. TD/IPC/CONF/11; Statement by the Secretary General of UNCTAD at the opening of the resumed second session of the UN Negotiating Conference on a Common Fund, UNCTAD, Nov. 15, 1978.

  10. Cf. TD/B/IPC/CONF/L. 6, p. 2.

  11. Cf. TD/IPC/CF/CONF/L. 9, Annex I, p. 1.

  12. Cf. K. Seitz, Die internationale Rohstoffpolitik (The international raw materials policy), in: Aus Politik und Zeitgeschichte, 17/1979.

  13. Cf. The Guardian, May 8, 1979, The Man from UNCTAD.

  14. Cf. TD/B/IPC/AC/20, p. 23.

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Authors and Affiliations

  1. University of Tübingen, Tübingen

    Joachim Betz

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  1. Joachim Betz
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Betz, J. Possible effects of the Common Fund. Intereconomics 14, 196–201 (1979). https://doi.org/10.1007/BF02924278

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  • DOI: https://doi.org/10.1007/BF02924278

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