Although focusing principally on the evolution of South-North economic interaction since the early 1980s, this work begins by examining structural changes in global patterns of production, trade and finance since the mid-1950s. It does this so as to situate, properly, the growing heterogeneity of the countries of the South and the importance of this for the way their economic activities articulate with those of the countries of the North. Distinguishing between different groups of countries is vital for a clear understanding of the implications of the policies of northern governments and northern-controlled international institutions for the people of the South, in the areas of trade, debt and aid. It is also necessary if differential patterns of growth and disequilibrium in the South are to be explained and the prospects for improvement assessed properly.
KeywordsStructural Adjustment Programme International Financial Institution Alternative Paradigm International Development Research Global Interdependence
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