"The concepts formulated at Bretton Woods and Havana, which brought into being the International Bank for Reconstruction and Development, the International Monetary Fund and the General Agreement on Tariffs and Trade, were characterized by exchange, trade and development-financing systems based on the interests of a few dominant countries. They evolved at a time when war between the industrial countries of the West and the socialist world seemed inevitable. As always, economic interests and political interest joined forces to overbear the countries of the Third World. Our development was hampered by economic obstacles; and every time a people resolved to make a bid for emancipation, all possible means of attack were used against it. The systems in question established the rules of the trade game. They closed markets to the products of the Third World through the establishment of tariff and non-tariff barriers, through their own anti-economic and unfair production and distribution structures. They set up harmful practices and norms, fixed freight rates, and thus secured a virtual monopoly of cargo. They also left the Third World countries to watch the advance of science as outsiders and exported to us technical know-how which in many cases was simply an instrument of cultural alienation and of increased dependence. For example, in the international telecommunications system a formidable danger is implicit. Today, 75 percent is in the hands of the developed countries of the West; and of this proportion more than 60 percent is controlled by the big United States corporations, with whose policy we are familiar. I wish to point out that, in less than ten years, our community institutions and our homes will be flooded by information and publicity which will be directed from abroad by means of satellites of high transmission power, and which, unless they are counteracted by timely measures, will serve only to increase our dependence and destroy our cultural values. This danger must be averted by the international community, which should demand that control be exercised by the United Nations."
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EconomicsInternational organizationsOrganizations based in Washington, D.C.International Monetary Fund
Original Language: English
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Sources
Salvador Allende, April 13, 1972, as quoted in Historic Documents of 1972. Washington, DC: CQ Press.
https://en.wikiquote.org/wiki/International_Monetary_Fund
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International Monetary Fund
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