Another problem with technology cooperation is that there seems to be
no change in the procedures to avoid the problems of the sixties and seventies, when foreign investments led to foreign dominance, which in some
cases ended in mass expropriations in Africa and Latin America.
70 In addition, BCSD does not clarify whether it promotes non-equity forms of investments, such as technical assistance and management agreements or lessthan-majority-owned joint ventures.
71 Yet, despite these misgivings, at least
some of the projects have been successful, such as the ones undertaken by
At present, private capital flows are the most important source of external funding for developing countries.
72 This being the case, it would seem
to be vital to get business and industry involved in pursuing the goal of
sustainable development. Promoting partnerships that take into account
environmental considerations as the one mentioned above are important,
but developing countries need to strengthen their environmental regulations to ensure that these partnerships function in the intended manner.
See Role and Contribution of Major Groups, U.N. Commission on Sustainable
Development, 5th Sess., § I, ¶ 1, U.N. Doc. E/CN.17/1977/2/Add.22 (1997).
See Agenda 21, supraChapter 1 note 8, § III, chs. 23-32.
See Role and Contribution of Major Groups, supra note 1, § I, ¶ 4. The accreditation process is based on arrangements established by ECOSOC. See id.
See Agenda 21, supraChapter 1 note 8, ¶ 31.1.
UNITED NATIONS CHARTER, supraChapter 2 note 193, art 71. See also Steve Charnovitz
, "Two Centuries of Participation: NGOs and International Governance", 18
MICH. J. INT'L L.257 ( 1997).
See David Tolbert, Global Climate Change and the Role of International Non-
Governmental Organizations, in INTERNATIONAL LAW AND GLOBAL CLIMATE CHANGE 96, 97 (
Robin Churchill &
David Freestone eds., 1991).
See Agenda 21, supraChapter 1 note 8, ch. 27.1.
Organizations with legal personality in international law are permanent associations of nation states that exercise similar powers. See Brownlie, supraChapter
2 note 2, at 681-82. See also Dan Tarlock, "Environmental Law: The Role of Non-
Governmental Organizations in the Development of International Environmental Law" 68
CHI.-KENT L. REV. n. 18 ( 1992).
See Philippe Sands, "The Environment, Community and International Law", 30
HARV. INT'L L.J.393 ( 1989).