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Interdependence In A World Of Unequals - African-arab-oecd Economic Cooperation For Development (Hardcover)
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Interdependence In A World Of Unequals - African-arab-oecd Economic Cooperation For Development (Hardcover)
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The accumulation of surplus petrofunds by some Arab countries, far
exceeding the present absorptive capacities of their economies, has
given rise to the idea of a major new development effort in
sub-Saharan Africa, financed by Arab surpluses and supported by
OECD technology and expertise. The guiding principle in the idea of
a tripartite partnership is that, given a proper allocation of
responsibilities among the three regional participants, cooperation
would benefit all parties. The Arab countries, it is argued, would
gain experience in management and in the acquisition of technology
as a result of increased transactions with Western industrialized
countries. Funds from the Arab countries would catalyze accelerated
development in sub-Saharan Africa and would provide a desirable
alternative to OECD-intermediated flows of capital and trade
between Africa and the Arab world; this could help reduce Africa's
dependence on the OECD countries for technology, expertise,
financing, and markets. And finally, the OECD members would benefit
politically from an effective development effort involving their
response to initiatives taken by the South, and would gain
economically by increasing their exports as African and Arab
absorptive capacities rose and by continuing to exercise management
functions in the context of development. To further explore the
potential of this triangular cooperation, a group of experts from
Africa, the Arab Middle East, Western Europe, and North America
held a conference at the Rockefeller Foundation conference center
in Bellagio, Italy, in May 1980. In their discussions--the basis of
this book--they identified and analyzed a wide range of problems
and issues involved. They concluded that the central issue is
whether trilateral projects of appropriate design for the African
setting can be identified and implemented through arrangements that
ensure an equitable and effective distribution of responsibilities,
risks, and benefits among the participants,
General
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