Page 253 - International Marketing

BRILLIANT'S Export Management 255

1. Promotes economic development:
UNCTAD aims at the economic development Functions of UNCTAD
of the under-developed and developing coun- 1. Promotes economic
tries. The various policies meant for that, development
whether at national or international level, 2. Provides conssions
should be directed towards benefits of devel- 3. Provides financial
oping countries. It enhances the development assistance
by solving the problems relating to interna- 4. Special measures for
tional trade. least developed ones
2. Provides concessions: The devel- 5. Assistance from
oped countries impose various types of re- developed ones
strictions on the exports of developing coun-
tries, in the form of licensing, quotas, tariffs 6. Solves debt problem
and packaging regulations, etc. Therefore, 7. Technology Transfer
there has been a continuous deterioration of 8. Export credit
the products of developing countries and share refinancing
of exports of developing countries was con- 9. Other functions
tinuously falling. NPP
Thus, UNCTAD provides tariff and non-tariff concessions to the devel-
oping countries for promoting their exports.
3. Provides financial assistance: UNCTAD provides financial as-
sistance to the developing countries through international financial institu-
tions and developed countries. The World Bank and various other institu-
tions were invited by UNCTAD to provide more financial assistance to the
developing countries. As a result, it promotes economic development of
the developing countries.
4. Special measures for least developed ones: United nations
has named the least development countries as "hard - core countries".
For their proper development, UNCTAD has asked various aid agencies to
adopt suitable measures. They should receive high priority and higher
assistance.
5. Assistance from developed ones: UNCTAD stressed that each
developed country should contribute 1% of its GNP at market price as
development assistance to the developing countries.
6. Solves debt problem: The repayment schedule of the debts of
developing countries is very short. Most of them are unable to repay their
debts within the prescribed time. Thus, UNCTAD stressed the need to
change the lending policies of IMF and World Bank in the interest of devel-
oping countries.
7. Technology Transfer: The developed countries have modern and
advanced technology, better research facilities, advanced training and