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Proposals of South Summit of developing nations

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April 15, 2000

 

UNDATED, APR 14 (AP) - The 133-nation Group of 77 developing countries is proposing sweeping changes to help poor countries ease poverty and join the global technology revolution. A summary of draft proposals:

  

  •  Reform international financial systems to give developing countries a greater voice, to limit volatility that damages their economies and to encourage investment in the Third World. Limit interference in domestic politics.

  • Work toward the cancellation of "unsustainable" debt while expanding government-to-government aid. 

  • Give products of developing countries greater access to the markets of developed countries. Create a development fund within the World Trade Organization. Help stabilize prices of commodities of developing countries.

  •  Liberalize rules on movement of labor from country to country to mirror liberalization of rules on capital flows.

  • Expand the role of the Group of 77. Name spokesmen for the Group of 77 to present the developing world's case before groups such as the Organization for Economic Cooperation and Development to urge that joint steps taken by the rich do not hurt the poor.

  • Work through the United Nations and other organizations to encourage transfer of technology to poor countries.

  • Encourage poor countries to spend on phone and power services that are essential for information technologies, as well as on education.

  • Develop a broad range of educational and financial exchanges between developing countries. Link stock exchanges of developing countries.

  • Encourage the United Nations to take a greater role in development.

 


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