The 1981 Cancún summit marked the NIEO’s political end

Evidence

Although the organizers hoped that the meeting’s intimate and unstructured format would encourage a new round of dialogue, the October 1981 summit proved instead to be the NIEO’s death knell (Toye and Toye 2004). It is perhaps best remembered for the speech in which Ronald Reagan, foreshadowing the decisive turn in development discourse already under way, exhorted Third World leaders to embrace the “magic of the market.” — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1750

Categorization

• XREF: connects to: The 1981 Cancún summit marked the NIEO’s death-knell as market orthodoxy took over — Jessica Whyte, The Morals of the Market: Human Rights…, 422; The NIEO peaked early and was already ineffectual by 1975. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1746