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A discussion of issues in the North-South dialogue. Presented in the form of question and answer dialogue, the paper considers the extent to which countries of the "South" are different from countries of the "North." It is suggested that there is considerable overlap in economic political and attitudinal characteristics of countries in both North and South groupings. In discussing the proposed "new international economic order," the dialogue suggests that there is considerable confusion in the way it has been described. It is desirable to clarify whether what is found wanting in the existing international economic system is the inefficiency of international markets, or their inequitable results, or both. Clarification is needed because appropriate policy remedies will vary accordingly. The remedies will differ in the case of commodity markets and commodity prices, or debt rescheduling, or international technology transmission, depending on whether the complaint relates to inefficiency of international markets or inequity of their results.

This report is part of the RAND Corporation paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.