The Sixth and Seventh Special Sessions of the United Nations 1974 and 1975



The dramatic quadrupling of petroleum prices in 1973 provided the immediate impetus for the Sixth Special Session. One leading Third World economist working in USA commented that while the US State Department believed that what was at stake was an increase in raw materials prices, what had to be faced was that the premises on which major post-war institutions like the World Bank and GATT were based were now crumbling away.1 In view of its obvious importance OPEC is considered in the following chapter.


Special Session Foreign Minister Buffer Stock International Economic Order Commodity Agreement 
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  1. 15.
    See O. Letelier and M. Moffitt, The International Economic Order (Part 1), Transnational Institute, Washington (1977) p. 36.Google Scholar

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© Gwyneth Williams 1981

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