Western countries, joined by the Republic of Korea and Japan, voted against economic development and poverty reduction resolutions considered by the UN General Assembly in December 2022. The stance of these countries and their partners reflects the power of finance capitalism and its longstanding support for neoliberal economic policy to the detriment of developing nations.
The Economic and Financial Committee of the UN General Assembly (Second Committee) recently adopted 38 of 41 resolutions. The West and partners voted against two resolutions of special importance. The first vote was 123 in favor to 51 against on the resolution Eradicating Rural Poverty to Implement the 2030 Agenda for Sustainable Development.
The second vote was 123 in
