Question on: JAMB Economics - 2024
One of the function of united nation conference on trade and development (UNTAD) is to
A
transfer technology from developed to less developed countries
B
increase share of less developed countries in world trade
C
increase impact of developed countries over less developed countries
D
make goods available in developed countries
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Correct Option: A
The United Nations Conference on Trade and Development (UNCTAD) assists developing countries in integrating into the global economy. Its functions include:
- Promoting trade and investment opportunities
- Providing a forum for intergovernmental discussions
- Conducting research and analysis
- Providing technical assistance
Thus, increasing the share of less developed countries in world trade is a key function.
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