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In the Footsteps of the OPEC: Trends in Collective Bargaining over Natural Resources

The new World Economic Order, advocated at the end of the Sixth Special Session of the UN General Assembly through a Declaration in Action Programme, and later by the regular session of the Assembly in the form of the Charter of Economic Rights and Duties, poses quite a few problems. Its legal validity, its political wisdom, its economic content and a host of other issues have been questioned. The two instruments contain provocative provisions, like the right to nationalise foreign property.