International Labor Organization

The seventh session of the International Labor Organization (ILO) Asian Advisory Committee was held in Geneva on November 7 and 8, 1955, under the chairmanship of Mr. Maung Maung (government member, Burma). The session was attended by eight government members, four employers' members, and three workers' members, and by observers from the UN and the Food and Agriculture Organization. The Committee agreed that increased credit facilities for agriculture in Asia would contribute to social and economic progress in the region and might also help to increase the volume of international trade; there was need for wide and repid international action to deal with the problem, and it was suggested that the provision of such credit might be assisted through expended activities on the part of existing international financial agencies. The Committee endorsed a resolution adopted at the fifth session of the Permanent Agricultural Committee concerning the scope and nature of ILO contributies to international programs of action for community organization and development, emphasizing that the ILO should take an active part in conferences, seminars and study groups as well as in technical assistance projects designed to promote community development, and should stress the community development approach within its own program of work. In considering ways of accelerating economic development in Asian countries, the Committee emphasized the need for increased capital investment by countries with capital surpluses, so as to ensure that an increase in the rate of capital formation did not encroach on the level of current consumption.