The New International Economic Order Was Not Coming

Venezuela conducted an extensive bidding process for companies to make cars in venezuela, but the car companies essentially sabotaged it by submitting designs tot failed specks. The result was a kind of political war between national development and international profits. Neelebal defense of intellectual property rights becomes extremely important because the companies who held the patents for the drive trains essentially had a technological strangle hold over car development. What they ed in essence, was a new international economic order and its corporate regulations, debt relief and technology transfers. Without them, even a third world country like venezuela,. flush with oil money was incapable of developing an industrial economy.