By Issam K. H. Halayqa
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Evidence has been assembled and assessed to support this position. 3 In the context of discussion on sovereignty over natural resources, various adjectives have been used to emphasize its hard-core status: in addition to 'permanent', also 'absolute', 'inalienable', 'free' and 'full'. However, State sovereignty equated as it is with non-interference, with domestic jurisdiction and discretion in the legal sphere has become increasingly qualified. Legally, our planet may be split up into almost 200 sovereign States (apart from some international areas, such as the high seas, the deep sea-bed and perhaps Antarctica), but in practice the world is now recognized as being interdependent on many different levels.
152 below. See also Art. l(e) of IUCN's Draft International Covenant on Environment and Development, revision of Draft 4, in IUCN-CEL/Rev. Draft 4/3 May 1993. It is notable that Working Draft 5 of 1994 no longer provides an article on the use of terms. 81 Only a few references have been made to world economic interests, and most of them in an indirect way. The very first permanent sovereigntyrelated resolution (Resolution 523 (1952)) included as one of the objectives 'to further the expansion of the world economy'; the DDII Resolution (1970) pointed out that 'production policies should be carried out in a global context designed to achieve optimum utilization of world resources, benefiting both developed and developing countries';82 and,finally,CERDS linked the right to association (and the right to form cartels) of primary commodity producers, a right sometimes claimed to arise from permanent sovereignty,83 to 'the promotion of sustained growth of the world economy, in particular accelerating the development of developing countries'.
At the Havana Conference, agreement had been reached on a substantive article dealing with the treatment of foreign investment. 15 It recognized, on the one hand, the great value of such investment in promoting economic development and social progress and it requested member States to provide adequate security and to avoid discrimination. On the other hand, it provided for certain rights of host States, including the right to non-interference in their internal affairs and domestic policies and the right to determine whether, to what extent, and on what terms they would admit foreign investment in the future.
A comparative lexicon of Ugaritic and Canaanite by Issam K. H. Halayqa