HIST-1106EL Study Guide - Quiz Guide: Utopia, New International Economic Order, Leninism
8 Nov 2020
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Early 1970s us was perceived weaker economically and politically after vietnam which helped revive the non-aligned movement. Third summit of non-aligned movement in lusaka concentrated on pushing the. Third world"s economic interests but another organization organization of petroleum. Exporting countries (opec) furthered the interests of oil-producing states of the third. New international economic order reiterated g-77 stance on fixed prices for commodities. Oil shock dramatic hike in oil prices led the opec states to deposit their gains in. Western commercial banks, which were loaned to the third world where developing states were desperate for fresh sources of finance to pay for own oil imports while pursuing economic growth. Early 1980s manifestation of hard-line attitude towards development issues is from early 1980s the. Wb links provision of loans to recipients adoption of sap"s. West was in stronger position to push a prescription of development to the third.
