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NORTH AND SOUTH: PRESIDENTIAL ADDRESS
Author(s) -
Allen G. R.
Publication year - 1982
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1982.tb00735.x
Subject(s) - developing country , protectionism , opposition (politics) , multinational corporation , order (exchange) , economics , international trade , developed country , presidential system , development economics , business , international economics , economic growth , political science , law , finance , politics , sociology , population , demography
The limited progress made by the developing countries in securing a New International Economic Order is reviewed, noting “excuses” made by developed countries for lukewarm support or even opposition. Official development aid is defended as a necessary, second best, policy, given trade restrictions by developed countries. It should be greatly enlarged, especially if developing countries would be willing to accept tighter conditions to ensure its economic effectiveness. The remainder of the paper argues the case for a reassessment of the damage done by developed to developing countries by protectionist policies and reviews two controversial areas in the economic analysis of developing economies—rural income distribution and impact of multinational corporations.