Common crisis North-South : cooperation for world recovery C.3

The world economic crisis has reached a stage when few people in any country can ignore it. Everyone, whether in the North or the South, has had to realise that their own condition is no longe isolated; their jobs, their food, their bil- even the solvency of their bank-depend on the health of the global economic and monetary system.

Three years ago, the Independent Commission on International Development Issues, under the Chairmanship of Willy Brandt, published its prophetic report-North-South-A Programme for Survival It spelt out the extent of the mutual interests between North and South, and appealed for an emergency programme to avert disaster for the worst-hit countries, for a longer-term reorganisation of the global economic system, and for a summit of world leaders

Three years later worsening economic conditions and the lack of globalco-operation have impelled the Brandt Commission to prepare a new memorandum on the Common Crisis, to try to break the deadlock and avert an economic collapse. In lucid and forceful terms, this book describes the different elements of crisis in trade in energy, in food and concentrates on the overriding problem of how to provide the finance and to compensate for the decline in liquidity to reverse the decline trade and to revive the world economy.