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VI Besolution concerning Economic Policies fob the Attainment of Social Objectives Whereas the prospect of a complete victory of the United Nations makes it possible to prepare a better world order directed towards the achievement of the social objectives which these nations proclaimed in the Atlantic Charter in expressing their desire to bring about the fullest collaboration between all nations in the economic field with the object of securing for all improved labour standards, economic advancement and social security ; and Whereas these objectives of the United Nations coincide with the basic principles of the International Labour Organization, and whereas the Conference which met in New York in 1941 pledged the full collaboration of the International Labour Organization in their implementation ; and Whereas the International Labour Conference is called upon by Item II on the agenda of the present session to make recommendations to the United Nations for present and social policy concerning more especially the measures required to be taken internationally and nationally to ensure full employment, social security and rising standards of living ; and Whereas the initiative with regard to international policy lies with the United Nations at the present time, and it is desirable in order to attain the objectives referred to that all nations should pursue an appropriate national policy; and Whereas the attainment of full 'employment and high productivity by the various nations after the war is essential to the achievement of freedom from want, the attainment of increasing living standards, the realization of genuine economic security and the continuation of peaceful economic progress ; and , Whereas full employment can be achieved and maintained only through the adoption, by Governments, industry and labour, of policies and measures which effectively encourage the continuing expansion of production and improvement of distribution; and Whereas the speedy achievement of full employment requires the prompt and orderly reconversion, reconstruction and expansion of industry, trade, commerce and agriculture after the war, and the subsequent maintenance of employment and production at high levels requires the creation of an economic and social environment conducive to a progressive and expanding economy; The Conference adopts the following resolution I. International Policy 1. Believing that the relief of war-stricken peoples, repatriation of prisoners and exiles and resumption of agricultural and industrial production are matters which will be of the utmost urgency immediately on the liberation of occupied countries and that on the successful handling of these problems the possibility of achieving the long-range objectives of social and economic well-being will largely depend, The Conference welcomes the creation of the United Nations Belief and Bohabilitation Administration, urges all States concerned to co-operate actively in the achievement of the tasks entrusted to it and assures the Administration of the readiness of the International Labour Organization to assist it in every appropriate way. 2. In view of the fact that for varying periods after the end of hostilities many essential commodities and transport facilities will be in short supply, and that international arrangements will be needed to ensure a fair allocation of available supplies and prevent excessive price movements, The Conference considers that the Governments of the United Nations concerned should arrange to continue in operation, for such periods as any serious shortages may persist, the existing machinery of international co-ordination and control subject to such modification, and in particular to such enlargement of the membership of the authorities concerned, as may contribute to the equitable and efficient operation of such machinery in the transition from war to peace. 3. The Conference endorses the declaration of the United Nations Conference on Food and Agriculture held in May 1943, that while the primary responsibility lies with each nation for seeing that its own people have the food needed for life and health, each nation can fully achieve this goal only if all co-operate in appropriate international action, and urges the setting up of a permanent international organization, as recommended by the Conference on Food and Agriculture, to raise the. level of nutrition and improve the efficiency of agricultural production and distribution. 4. Becognizing that a satisfactory international monetary system is essential to the full development of mutually advantageous economic relations between nations, and consequently to the raising of standards of living, The Conference attaches great importance to the establishment at the earliest possible moment of effective international machinery for settling balances arising out of international trade and other transactions and for maintaining stability in rates of exchange, notes with satisfaction that the Governments of the United Nations are giving careful attention to this matter, and urges that they include in any agreement establishing such machinery a provision requiring the authorities responsible for its application to have regard in framing and applying their policies to the effect of their decisions on employment and living standards. 5. Noting that imports of capital will be needed for reconstruction, development and the raising of living standards in many countries, and believing that the provision of such capital will contribute to the maintenance of full employment in the lending countries, The Conference— (a) Considers that the existing machinery of the international capital market should be supplemented by the establishment of appropriate international machinery for the purpose of promoting the international movement of capital; (b) Considers that the promotion of full employment and higher living standards should be regarded as a primary objective of any such international machinery;

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