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209<br />

<strong>International</strong> <strong>Business</strong>- <strong>Dr</strong>. R. <strong>Chandran</strong><br />

mission that labour peace is essential to prosperity. Today, the ILO<br />

helps advance the creation of decent jobs and the kinds of<br />

economic and working conditions that give working people and<br />

business people a stake in lasting peace, prosperity and progress.<br />

<strong>International</strong> Telecommunication Union<br />

The ITU is a specialized agency of the United Nations and is the world's<br />

oldest international organization.25 In general, the ITU seeks "to promote, at<br />

the international level, the adoption of a broader approach to<br />

telecommunications issues in the global information economy and<br />

society."26 ITU decisions are made on a one nation, one vote basis;27<br />

therefore, each member-nation has equal authority in the ITU decisionmaking<br />

process. In part due to this voting policy, developing countries view<br />

the ITU as an important organization to provide assistance and aid<br />

infrastructure development in these nations<br />

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