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The New International Economic Order (NIEO) and rollback of the poverty curtain In: International monetary and trade rules and Midwest agriculture. Report of Seminar sponsored by M.G. and Johnnye D. Perry Foundation and University of Missouri



The New International Economic Order (NIEO) and rollback of the poverty curtain In: International monetary and trade rules and Midwest agriculture. Report of Seminar sponsored by M.G. and Johnnye D. Perry Foundation and University of Missouri



Special Report, Missouri Agricultural Experiment Station (211): 4-11



The presentation of the paper is structured round the concept of the countervailing power, as enunciated by John Kenneth Galbraith; it is shown that the struggle along lines of countervailing power on the American scene has now been carried to the international scene. There is a slow shift of countervailing power away from the industrial nations of the West towards the so-called Third World. This new struggle of countervailing power has often come to the brink of confrontation.

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