A distinctly different new international division of labour has
recently emerged from the old Bretton Woods global political
economy. The shift away from eurocentricity at the levels of
diplomacy, security, production and communication has been
dramatic. The decade following the 1970s has witnessed incremental
decline and decay in most of the developing countries. But in a few
Third World countries the post-Bretton Woods era has facilitated
the growth of dynamic and competitive industrial stuctures - the
newly industrializing countries (NICs). The resulting
hierarchization of the Third World has opened up new possibilities
for establishing South-South relations, thus challenging the
established North-South bias of the international economy. However,
the definition, conceptualization and explanation of this new
frontier represented by the NICs and their South-South ambitions
remains controversial. This volumes addresses this important and
intense debate.
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