that market added up to some $ 90 billion. Thus practically all the funds lent by the oil-exporting countries were recycled by the market to the non-oil underdeveloped . countries. Could not a direct arrangement be worked out between the two groups of underdeveloped countries which is mutually satisfactory and at the same time frees them both from the control of a mechanism in whose operation and regulation they have no say whatsoever?
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.
Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.