ABSTRACT

The purpose of restructuring the international mechanisms and structures in the areas of trade, finance, and science and technology is to serve industrialization—the basic objective of most developing countries. Since the 1974 Sixth Special Session of the United Nations General Assembly the establishment of the New International Economic Order (NIEO) is the priority item on the international agenda. Structural changes, it will be suggested, can be obtained through an international program of affirmative action for development and the pursuance of individual and collective self-reliance on the part of the third world. The integrated commodity program, for instance, has stabilizing effects for the conjunctural management of the economies of the industrialized countries and the development process of third world countries. In the area of finance and the international monetary system, the implementation of the NIEO program would lead to easier and more plentiful finance as well as a sharing in the management of the International Monetary Fund.