NEGOTIATIONS: Conflict Between North and South

Perhaps both sides had expected too much.

The world's less developed countries, known as the South, have long felt they have a right to share in the wealth of richer nations. They justify this by pointing to past colonial exploitation, etc. The industrialized countries of the so-called North hardly accept that version of history or justice. But they have moved a long way toward agreeing that something must be done to help the Third World.

During a four-day Conference on International Economic Cooperation held in Paris last week by 16 industrialized nations and 19 "poor" ones (which included some nouveau riche oil-producing countries),...

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