A concurrent resolution expressing the sense of the Congress that it should be the policy of the United States to encourage an acceleration of growth in selected Third World nations in order to create new markets for advanced-country products and services.

Summary

Expresses the sense of the Congress that the United States should: (1) urge the other member nations of the Organization for Economic Cooperation and Development (OECD) to agree to pursue policies of growth-oriented assistance to such developing nations as may be deemed likely to show expansion if certain circumstances are created; (2) urge its OECD partners to meet, discuss, and adopt such measures as necessary and practical to achieve such goal; (3) urge the other advanced nations to join the United States in giving new positive signs of accepting importation of Third World products into their economies and to encourage private direct investment in the Third World by their citizens; and (4) condition actions in this resolution on the selected Third World nations promising full cooperation in becoming partners in the program. Expresses the sense of the Congress that such cooperation should include "national treatment" for private direct investors, an undertaking to keep any protection of new industries as small and as brief as possible, and an agreement to listen attentively to OECD advice in the selection of new industrial or commercial projects, in the general management of such nation's economy, and in the reassessment of its comparative advantages.

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Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 13 November 1989

  Open at official source

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