Abstract
The author examines the provisions of the New International Economic Order (NIEO), and maintains that with or without a Common Fund, International Commodity Agreements are, and will remain, a recognized instrument for achieving the objectives of the NIEO. Because of various factors conducive to effective organization — including the convergence of interests among producing and consuming countries — the International Tin Agreement (ITA) has made some useful contributions. But wider objectives can only be achieved by appropriate structural reforms in commodity organization.
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