The North-South dialogue on a New International Economic Order has reached deadlock. To revive it Prof. Sautter is counseling an offensive application of the basic principle of the Social Market Economy to the global economic relations between industrialised and developing countries.

On the face of it it looks as if there should be no great difference between less developed countries (LDCs) and the advanced national economies as far as planning is concerned. And yet in reality such differences do exist, even if they do not necessarily stem from the inequalities in the...

Long before the socialist industrialized nations began to call their centrally planned, or government controlled, economies into question, policymakers in many developing countries with dirigistic, interventionist systems, including capitalist oriented ones, had started to rethink their economic...