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The Third World Beyond the Cold WarContinuity and Change$
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Louise Fawcett and Yezid Sayigh

Print publication date: 2000

Print ISBN-13: 9780198295518

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198295510.001.0001

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Developing States and the End of the Cold War

Developing States and the End of the Cold War

Liberalization, Globalization, and Their Consequences

(p.56) 3 Developing States and the End of the Cold War
The Third World Beyond the Cold War

Gautam Sen

Oxford University Press

The first section of this chapter examines the political and economic context of change in developing countries: the two themes are the evolution of the international economy, especially since the 1970s, and the political impact of the ending of the cold war. The next section addresses the key issues of liberalization and globalization, which preceded the end of the cold war but are now influenced by that event. The next section identifies the deepening of liberalization and globalization, and the phenomenon of regional integration and asymmetric competition between developed and developing countries. A more detailed discussion of two important expressions of liberalization and globalization follows, in the context of the political implications for developing countries: these are the importance of structural adjustment programmes for the advance of the new market forms and their associated ideology, and the GATT Uruguay Round of trade negotiations. The two final sections of the chapter evaluate the use of political power by developed countries to achieve economic ends, and a concluding section assesses the possible future pattern of interaction between developed and developing countries.

Keywords:   cold war, developed countries, developing countries, economic change, GATT, General Agreement on Tariffs and Trade, globalization, liberalization, market competition, political change, political power, regional integration, structural adjustment programmes, Uruguay Round

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