ABSTRACT
One of the main reasons for the developing countries’ demand for the New International Economic Order and especially for indexation, commodity agreements, buffer stocks, as well as for the removal of tariff and nontariff barriers against Third World products, is the failure of the traditional aid-by-trade concept. In view of the developing countries’ problems, politicians, economists, and officials of multilateral institutions have supported an intensification of the integration of the developing countries into the world economy and into international trade relations. The countries’ Hong Kong, Taiwan, or the Republic of South Korea exports consist mainly of cash crops, semiprocessed foodstuffs, and raw materials, which experienced a steadily declining share in world trade. Major factor responsible for the negative development of the world-trade position of the Third World is the slow quantitative growth of the commodities exported by them. Industrialized countries can easily eliminate these barriers or support Third World countries, for instance through training courses, to better understand such regulations.
