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.