ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Mayhem at Jayapuram

order, there is no use making demands on the developed countries. Bargaining with the North in the prevailing conditions has to be on the basis of giving something to the stronger side first and then asking for a return gift, presumably not so much as a right but as more of a charity. In the frame of such a negotiating position, inter-dependence cannot but be a euphemism for abject dependence It also means that India is opting out of the third world and instead of playing a positive role in the G-77 and the non-aligned movement, India will be flaunting the banner of a medium developing country and in that capacity will be ready and willing to act as a honest broker in the world economic order ordained by the G-7 and multinational corporations; It cannot, therefore, be fortuitous that India is playing an ambivalent role in the Uruguay Round of GATT. It is willing to adjust to the demands of the developed countries on the question of intellectual property rights and trade in services. The hard-won principle of non-reciprocity in economic exchanges between the developing and developed countries is being relegated to the background even as the developed countries are imposing trade sanctions, introducing stiff conditionality clauses on technology and capital flows and raising protectionist barriers against the developing countries. The newly- discovered fascination for liberalisation in the domestic economy and the strident support for multilateralism in foreign trade is indeed ominous in the context of the drift towards a debt trap, internal and external, and accelerated pace of structural adjustment process at work in India.

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