Why There Can Be No North-South Bargain

No resolution of the ongoing North-South conflict is in sight. Third World governments prefer to debate the conflict instead of trying to resolve it through reciprocal bargaining. Professor Murphy finds that debate since 1974 has indeed led to a certain mellowing of the Northern position. But he sees a serious impediment to any real progress in that the United States government cannot constructively participate in the debate the South wants without disrupting a long-standing American political consensus. Moreover, the United States does not have the institutional means to legitimate exceptions to internal economic liberalism that would have to be made in any North-South bargain

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