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What Challenge?

  • Alasdair I. MacBean
  • V. N. Balasubramanyam
Part of the Trade Policy Research Centre book series (TPRC)

Abstract

The United Nations has proclaimed the need for a New International Economic Order and a programme of action to achieve it. Neither the objections to the old order nor the proposals for establishing the new order contain much that is different from earlier demands from developing nations. What was new about the Sixth Special Session of the General Assembly of the United Nations, held in April 1974, at which these demands were ventilated, was a change of atmosphere. The oil crisis and the commodity boom of 1973/4 had produced some real change in the balance of power between the developed and the developing nations and a great deal of misconception, too, about the degree of the shift and the likely long-run outcome. The programme of action consists largely of measures which entail sacrifices or concessions — by those countries which are classed as industrially developed — in order to assist the countries of the so-called Third World.

Keywords

Poor Country Rich Country Gross National Product Military Expenditure Rich Nation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 1.
    See W. J. Blum and H. Kalven, The Uneasy Case for Progressive Taxation (Chicago: University of Chicago Press, 1953)Google Scholar
  2. or R. A. Musgrave, The Theory of Public Finance (New York: McGraw-Hill, 1959) chs 4 and 5.Google Scholar
  3. 3.
    René Dumont, False Start in Africa (London: André Deutsch, 1966).Google Scholar
  4. 7.
    Brian Reddaway et al., Effects of UK Direct Investment Overseas: Final Report (Cambridge: Cambridge University Press, 1968).Google Scholar
  5. 11.
    D. H. Meadows et al., The Limits to Growth (London: Earth Island, 1972).Google Scholar
  6. 12.
    Stephen Enke, ‘Some Aspects of Slowing Population Growth’, Economic Journal, March 1966, and ‘Economic Consequences of Rapid Population Growth’, Economic Journal, December 1971.Google Scholar
  7. 13.
    John P. Lewis, Quiet Crisis in India (Washington: Brookings Institution, 1962)Google Scholar
  8. quoted in R. F. Mikesell, The Economics of Foreign Aid (London: Weidenfeld & Nicolson, 1968).Google Scholar
  9. 15.
    Quoted in H. Magdoff, The Age of Imperialism (New York: Monthly Review Press, 1970).Google Scholar
  10. 23.
    See Raoul Prebisch, Towards a New Trade Policy for Development (Geneva: UNCTAD, 1964).Google Scholar
  11. 25.
    This is true despite the significant contributions by scholars such as Edward F. Dennison, Why Growth Rates Differ (Washington: Brookings Institution, 1967).Google Scholar
  12. 26.
    See R. B. Sutcliffe, Industry and Development (London: Addison-Wesley, 1971).Google Scholar

Copyright information

© Alasdair I. MacBean, V. N. Balasubramanyam and the Trade Policy Research Centre 1978

Authors and Affiliations

  • Alasdair I. MacBean
    • 1
  • V. N. Balasubramanyam
    • 1
  1. 1.University of LancasterUK

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