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Bhagwati, Jagdish N.; Krueger, Anne O.; Snape, Richard H.

North-South relations have been characterized by three ideological phases. The first started with a long period of ideological harmony, lasting into the early 1970s. It was interrupted by OPEC and the period of radical Southern ferment, to be followed by another, opposed divide when the United States shifted into conservative ideological posturing and actions with the first Reagan Administration. The second Reagan Administration’s shift to the Baker Plan represents the third phase but can also be regarded as consistent with that ideological position.



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The World Bank Economic Review

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January 30, 2013
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