ABSTRACT
Possessing few options in the immediate post-war years to force the Fund, the Bank and the General Agreement on Tariffs and Trade (GATT) to rethink their initial mandates and ways of operating, most other countries moved instead to seek out alternatives within the United Nations an institution formed in parallel with the Bretton Woods institutions. Rao proposed the creation of a United Nations Administration for Economic Development with a remit to provide financial assistance for development from member countries in their own currencies. The influx of the African countries had a strong and immediate impact on the politics of the organisation. More generally, the Asian-African Group, with its characteristic stance of non-alignment, was beginning to be regarded in some quarters as a Third Force in the world order, situated somewhere between the Western and the communist powers. Under the framework of that Resolution, the United Nations existing efforts in promoting economic growth can be expanded and coordinated.
