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A new development path for a new world?

There is a greater need than ever before for international organisations, particularly UNCTAD, to support developing countries

    • While the world has changed much over the years, a lot has stayed the same. Geopolitical rivalry between major powers remains one of the biggest risks to the world’s economy.
    • While the world has changed much over the years, a lot has stayed the same. Geopolitical rivalry between major powers remains one of the biggest risks to the world’s economy. PHOTO: REUTERS
    Published Sat, May 25, 2024 · 05:00 AM

    SIXTY-NINE years ago, in 1955, confronted with a Cold War that had divided the world into two major competing blocs, the leaders of a group of mostly newly independent states gathered in Bandung, Indonesia, for the first ever Asian-African Conference.

    Going down in history as the Bandung Conference, the legacy of its stirring declaration, which set out the principles of non-alignment, remains relevant to this day.

    The Conference also inspired the establishment of United Nations Conference on Trade and Development (UNCTAD), mandated to promote the interests of developing countries so they can benefit from the global economy more fairly and effectively.

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