TITLE

ANOTHER CHANCE FOR THE NORTH?

AUTHOR(S)
Ward, Barbara
PUB. DATE
December 1980
SOURCE
Foreign Affairs;Winter80/81, Vol. 59 Issue 2, p386
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on efforts to improve long-term economic relations between industrialized democracies, collectively termed as the "North," and developing countries in the "South," with emphasis on the Report of the Brandt Commission entitled "North-South: A Program for Survival." For over a decade, the North has been discussing with the South the problem of their long-term economic relations, the so-called New International Economic Order. The governments of the industrialized democracies have no doubts about the fundamental cause of their retreat from their promises of greater aid in quadrupling the cost of crude oil in 1973. The year 1979 also brought with it a virtual certainty of an erratic but fairly predictable and continuing upward movement in oil prices. Oil prices are now around $30 a barrel. Lack of contact and trust between the North and OPEC is also in some measure responsible for the Northern failure to take any significant action to strengthen international monetary and commercial institutions. There is wide derision at the Commission's general recommendation that the level of official aid, at the present at 0.35 percent of gross national product for the industrial democracies, should be raised to the already promised 0.70 percent by 1985 and widened to one percent by the year 2000.
ACCESSION #
4851121

 

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