The Implications of UNCTAD III for Multinational Enterprise

Extract

UNCTAD III—the most recent United Nations Conference on Trade and Development, meeting in Santiago, Chile, during April and May 1972—provided added evidence of growing world concern about “multinational enterprise.” Expressly, numerous developing countries chose the occasion for official presentations clearly aligning themselves with earlier skeptics elsewhere. Not only did these countries question the presence, practices, and impact of multinational enterprise, but many continued on in their presentations with suggestions, direct or implied, for control measures and mechanisms. Indeed, so pervasive was the undercurrent of disillusionment and disturbance that even some developed countries saw fit to recognize the mood with assorted references, conciliatory or elaborative, in their own formal presentations.