This book is intended chiefly to analyze the implications for Latin America of the recent transformations of the world economy in three fields: financial and monetary relations; trade in primary products and trade in manufactured products; and industrialisation. Particular attention is given to the analysis of alternative external policies which the Latin American countries can apply in order to cope with the problems or take advantage of the opportunities that have appeared in each of the three fields mentioned. The possibilities of cooperation among Latin American and Third World countries with the aim of setting up a new economic order are especially emphasised.