South-South — Nothing to Speak of
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The 1973 oil crisis gave rise to a certain optimism for Southern nations about their ability to speed up their development through effective intra-Southern co-operation of the sort demonstrated by OPEC. The oil-producing Southern nations showed that by joint action and a certain withholding of supply they could force the world market price for oil to rise by several hundred per cent.
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- 1).An excellent study of this co-operation is to be found in Edith T. Penrose, The Large Inter national Firm in Developing Countries. The International Petroleum Industry. Allen & Unwin, 1968.Google Scholar
- 2).C. F. Bergsten, “The Threat from the Third World”, Foreign Policy, No. 11, Summer 1973, p. 102.Google Scholar
- 3).Mahbub ul Haq, “The Third World Crisis.” The Washington Post, April 30, 1972.Google Scholar
- 4).A. Emmanuel, Unequal Exchange. A Study of Imperialism of Trade. New York and London 1972.Google Scholar
- 5).M.S. Wionczek, “The Central American Common Market”, in P. Robson, editor, International Economic Integration. Selected Readings. Penguin 1972.Google Scholar
- 6).See e.g. D. Morawetz, The Andean Group: A Case Study in Economic Integration Among Developing Countries. The MIT Press 1974; A. B. Wardlaw, The Andean Integration Move ment. U.S. Department of State, Publication 87/9, Washington DC, 1973; A. Inotai, The Possibilities and Limits of a Balanced and Harmonious Development in the Andean Integra tion. Institute for World Economics of the Hungarian Academy of Sciences, Budapest 1975.Google Scholar