Threat To Development
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A01=John P Powelson
A01=William Loehr
Author_John P Powelson
Author_William Loehr
Capital Intensive
Category=JHB
debt rescheduling
Debt Service Ability
developing countries economics
economic development
EECs Common Agricultural Policy
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eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
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eq_society-politics
Gdp Growth Rate
Gdp Reduction
global wealth inequality
GSP Benefit
GSP Scheme
GSP Treatment
IDA
IMF Annual Report
IMF Involvement
IMF Quota
IMF's Credibility
IMF’s Credibility
International Development Association
international political economy
LDC Debt
LDC Export
LDC Government
less developed countries
MFN Tariff
MFN Treatment
multinational corporate influence
New International Economic Order
NIEO Declaration
OPEC Aid
Petroleum Imports
primary commodity markets
Super Fund
trade policy analysis
unintended consequences of economic reform
United Nations Industrial Development Organization
West Germany
Product details
- ISBN 9780367273965
- Weight: 453g
- Dimensions: 141 x 230mm
- Publication Date: 13 Sep 2019
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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Far from transferring resources from the rich to the poor, as intended, the New International Economic Order (NIEO)—if fully implemented—is more likely to transfer them from the poor to the rich. Thus assert the authors, who present their analysis of trade and investment data in support of their conclusions. The NIEO, a program adopted by the United Nations, proposes increased prices of primary products, tariff preferences for exports of less developed countries to the industrial world, a code of conduct for multinational corporations, international monetary reform, debt forgiveness or rescheduling for the third world, plus a number of other provisions designed to help third world countries. But, the authors contend, all these provisions will further enrich the already rich within the third world, while adding to the poverty of the already poor. Higher prices for primary products would benefit the rich producers at the expense of the poor who buy them. Debt rescheduling would help only those rich enough to incur debt in the first place; because aid is available in finite quantities, this help might be at the expense of the poor. Likewise, trade preferences would also help the rich, who are the major exporters. The NIEO has been widely acclaimed in industrialized as well as in third world countries; this book demonstrates how the effects of the NIEO could well be the opposite from what is widely believed.
"William Loehris an associate professor of economics at the University of Denver. In 1979 he was a visiting professor at the University of Chile. His publications include The Economics of Development and Distribution (1981; with J.P. Powelson) and Public Goods and Public Policy (1978; edited with Todd Sandler).
John P. Powelsonis a professor of economics at the University of Colorado, Boulder. He has been senior economic adviser to the ministries of finance of Kenya and Bolivia and has published numerous books and papers, including A Select Bibliography on Economic Development: With Annotations (Westview, 1979)."
