 World Market Imperfections and the Developing CountriesGerald K. Helleiner Chapter 2 in International Economic Disorder, 1980, pp 22-61 from Palgrave Macmillan Abstract: Abstract The comprehensive set of demands and proposals known as the ‘new international economic order’ that for over three years has been the object of concentrated Third World pressure in a variety of international arenas is intended to reform and restructure the international economy in such a way as to generate greater benefits for the poor countries. Implicit in the reform proposals is the view that the present international economic order functions imperfectly and, in particular, is inequitable in the distribution of its gains. Western economists, schooled in models of efficiently functioning market systems, are frequently loath to take the arguments of the developing countries too seriously, since their policy proposals often seem to challenge the market system itself. In beating back the Third World’s policy proposals, however, they rarely have dealt with the basic issue which underlies them: that the automatic functioning of world markets may indeed be highly detrimental to the interests of the developing countries. Keywords: Poor Country; Foreign Firm; Private Firm; Unskilled Labour; Market Imperfection (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05075-8_2 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-05075-8_2 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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