5
The North-South System and the Possibility of Change
The management problems of the North-South system are quite different from those of the Western system. For the interdependent system of developed market economies, the crucial issue is whether it is possible to achieve the necessary political capability at the national, regional, and global levels to ensure that international economic relations continue to result in mutually beneficial outcomes while also modernizing (although not drastically altering) the international economic institutions that have been in place since World War II. The North-South system is separate from, but also embedded in, the Western system. It is separate because the rules of the North-South system reflect ...
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