Latin America, Her Newly Industrialising Countries and the New International Economic Order

Abstract

The New International Economic Order is an ill-defined concept which is nonetheless of considerable political importance. Non-existing in present-day international reality, it represents a vision, especially on the part of developing countries, of a future in which the latter will be an integral part of the world economy, instead of existing at its margins. As an idea, the New International Economic Order was given formal expression in 1974, though its historical roots go back to at least 1960.