It is generally acknowledged that, since the 1960s, the hegemonic industrialized countries of the North have entered into an ever-deepening crisis - a crisis which is often imputed to the growing competition by newly industrializing countries of the South whose exports to the capitalist industrial nations of the North and to the oil-rich countries have constantly increased.

, , ,
Erasmus University Rotterdam
ISS Occasional Papers
International Institute of Social Studies of Erasmus University (ISS)

Kuitenbrouwer, J.B.W. (1981). The New Capitalist World Order: Implications for Development in North and South-East Asia (No. 92). ISS Occasional Papers. Erasmus University Rotterdam. Retrieved from