ABSTRACT
Organization of Petroleum Exporting Countries' (OPEC's) historic example has proved the success of using countervailing power, resources versus industry, to correct international injustices. It has fired the imagination of the Third World and enabled us to see political and economic reality in an entirely fresh way. The industrialized countries of the northern hemisphere persist in seeing developing countries of the southern hemisphere as mere children engaged in a noisy rebellion. But the cumulative impact of the OPEC price increases and other unilateral producers' adjustments in the world balance of power soon will overturn that table and force the industrialized countries, especially the United States, to change their outlook. The relationship between host developing country and multinational corporations rests on the power equation between them. In the past, it has been lopsided in favor of the corporation, which bought and bullied its position of unequal power.
