12 - The United States, Canada and the New International Economic Order

Abstract

This chapter describes various aspects related to New International Economic Order (NIEO) in the United States and Canada. The major potential of United States benefits from the NIEO lies in a triangulation of relationships including Europe, Japan, and Canada. With specific regard to the United States economy, certain layers stand to gain—most notably, domestic producers of energy and other raw materials imported from Third World countries. The NIEO must be viewed from the vantage point of its overall impact on the American economy as a whole. Success or failure in Canada's response to the NIEO objectives will be due ultimately to the attitudes and actions of the prime minister, the cabinet, and Parliament as a whole. Lack of public awareness and concern is probably the greatest obstacle in Canada to the development of NIEO.