CEVAP:

The North-South division is criticized for splitting the world and segregating people along economic lines. Many economists, from the liberal perspective, believe that free international  trade and capital flows could eventually lead to a contraction in the North-South division. Neo-Marxists, on the other hand, are not really optimistic, in this regard. In fact, they believe that free trade and flow of capital will widen the gap between developed and underdeveloped countries much further. Also, policymakers in the South are often skeptical of free trade,  and thus, have proposed alternative solutions. In 1974, the countries of the South called for a New International Economic Order (NIEO) to restructure the global economy. Some of their main demands included linking prices of commodity exports to manufactured imports, transferring technology from the North to the South, cancelling or  rescheduling foreign debts, standardizing prices for raw materials, ending starvation and food crises, as well as opening the North’s market for manufactured or semi-processed goods of the South (Ghosh, 1984).