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The United Nations' Resolution on Permanent Sovereignty Over Natural Resources

Question 35

Multiple Choice

The United Nations' Resolution on Permanent Sovereignty over Natural Resources was passed in 1962.This resolution


A) recognized the right of host countries to exercise full control over foreign firms extracting those resources.
B) recognized the right of foreign firms to exercise full control over their operations extracting those resources.
C) recognized the right of foreign firms to determine the appropriate compensation in the event of expropriation.
D) was formally rejected by capital-exporting governments in 1982.
E) was successfully re-negotiated in 1992.

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