Also, developing countries’ wish to have rich countries transfer to them environmentally sound technology flopped as the latter stuck to their guns. Eventually, it was agreed that developed countries would continue helping developing countries with technology transfer even as they offered them access environmentally sound technology. But when they walked out, the document they had drafted was far from what the 134 developing countries in the UN hoped for. Developing countries’ wish to have national governments play an increased role in the global economy including international finance and investment, international taxation and globalisation were thwarted. The Nairobi Maafikiano (consensus), was a 44-page negotiated outcome that was largely diluted at the behest of developed countries including United States, European Union and Japan.

Source: Standard Digital July 23, 2016 19:52 UTC