ABSTRACT
This chapter draws together the policy implications arising out of the previous discussion in this book. Since the Transition Theory is essentially concerned with the changing economic relationship between the rich and the poor countries, these policy issues are primarily concerned with the so-called New International Economic Order (NIEO). The debate about the NIEO is a child of the 1970s which to date has led to more frustration than fulfilment, and which has considerably soured international economic relations between rich and poor countries. Through the NIEO the poor countries have sought a realignment of economic power which the rich countries have refused to grant. Yet, curiously enough, it was the rich countries that allowed the debate to gather momentum in the first place, thus playing into the hands of the poorer countries who had sought this ever since the first UNCTAD conference in 1964.
