Hostname: page-component-848d4c4894-p2v8j Total loading time: 0.001 Render date: 2024-05-21T23:23:09.713Z Has data issue: false hasContentIssue false

Beyond North and South: The Second Coming of the World Economy

Published online by Cambridge University Press:  06 September 2018

Get access


The world economy and international economic institutions are in trouble. That, at least, is the opinion in informed circles following the Conference on International Economic Cooperation (CIEC) held in Paris last spring. There is a growing realization that CIEC failed to grapple with the systemic problems the world economy faces, a failure that threatens developing and developed countries alike.

Despite Secretary of State Cyrus Vance's dramatic call for a “new international economic system,” the Paris conference failed to address systemic issues. Instead, the developed nations of the North angled for a separation of the issues of energy from those of development; and the developing countries of the South closed ranks by linking the two. Consequently neither side truly debated the crushing problems of the world economy.

Copyright © Carnegie Council for Ethics in International Affairs 1982

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)