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Diplomatic Protection of Foreign Economic Interests: The Changing Structure of International Law in the New International Economic Order

Published online by Cambridge University Press:  02 January 2018

Benoit Otis Brookens
Benoit Otis Brookens*
Affiliation:
U.S. Department of State, Washington, D.C.
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Extract

December 12, 1974, the Twenty-ninth General Assembly of the United Nations (1974) passed the long-awaited Charter of Economic Rights and Duties of States by a vote of 120-6-10. This chapter, conceived by Mexican President Echeverría (UNCTAD, 1972) was drafted upon the supposition that definitive legal guidelines on international economic rights would suppress considerably world political-economic tension and protect the rights of all states, especially developing ones (Vanzant, 1974). Although a substantial proportion of the charter was adopted with relatively little controversy during the two years of negotiations, conflicts over key sections were insurmountable and the negotiating committee failed to attain unanimity on its final text. The inability of the working group to reach a consensus did not come as a complete surprise, since during the past decade important concepts embodied in the document had provoked considerable controversy (Haight, 1975).

Type
Research Article
Information
Journal of Interamerican Studies and World Affairs , Volume 20 , Issue 1 , February 1978 , pp. 37 - 68
Copyright
Copyright © University of Miami 1978

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