UNCTAD established & UNCTAD-I Geneva

United Nations Conference on Trade and Development (UNCTAD) established; and first conference, UNCTAD-I, convened in Geneva

Furtado ‘Development and Underdevelopment’

Furtado, C. (1964) ‘Development and Underdevelopment’, Berkeley, CA: University of California Press

Herrera ‘Social Determinants of Science Policy in Latin America’

Herrera, Amilcar (1972) ‘Social Determinants of Science Policy in Latin America’, Journal of Development Studies 9.1: 19 — 37

‘Technological Dependence, Monopoly and Growth’ by Merhav

Merhav suggests that developing countries are not likely to repeat the same process of development that the developed countries have done, with regards to industrialisation and growth, and warns against ‘techological dependence’. He also argues that transnational corporate control of technology is a key factor in binding developing economies to an “open economy” policy in the international system.