CANCUN-Rhetoric and Reality

November 21, 1981 CANCUN Rhetoric and Reality Elizabeth Bradshaw Henry Holland IT would appear to many that the recent two day meeting of 22 heads of state in Cancun, Mexico, would have been a significant step forward in North-South relations. This was not to be the case. There is already consensus among transnational corporation (TNC) boardrooms, the State in developed capitalist economics and the local oligarchies in most underdeveloped capitalist economies (UCEs) that it is crucial to speed up penetration of UCE markets and raw material supplies. This is necessary to insure their more effective integration into the TNC-dominated world market. Such is also the doctrinal thrust of major institutions set up to serve the interests of big capital: the OECD, the World Bank, UNIDO, the Trilateral Commission, the IMF and even the Brandt Commission.