S. P. Varma

Publication

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The International System: Economic and Science and Technological Perspectives

Two phenomenal developments characterized the change in the international system in the years after the Second World War: (i) the spread of Multi-national Corporations (MNCs) and (ii) the rise of a Third World, with its pluralization of political systems, economic forms and social doctrines. While the former is an important factor in the North–South relationship, the latter development has brought about new changes in the international economic system.