ABSTRACT

The development of collective self-reliance is thus an integral aspect of the new international economic order and one supported by all sections of the international community. The development of an integrated global system for economic cooperation among developing countries would help to avoid inconsistencies and fragmentation in the pursuit of collective self-reliance. The strengthening of regional and sub-regional economic groupings would necessarily assume different forms according to the pecularities of the existing or emerging schemes. Trade expansion among developing countries should be viewed as part of a system of economic co-operation rather than as an end in itself to be brought about by a set of isolated measures. In fact, the frequency of such disparities requires that tariff preferences be complemented by greater flexibility of non-tariff barriers in cases in which these preclude access to markets. The flow of trade among developing countries is impeded in many cases by payments difficulties.