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ROUND TABLE'86 CAVTAT, YUGOSLAVIA TABLE RONDE'86 CAVTAT, YOUGOSLAVIETowards a New Relationship between Europe and the Third WorldMichael Barratt Brown LondonThis paper examines the Report of the Socialist International entitled Global Challenge From Crisis to Cooperation: Breaking the North-South Stalemate and makes some modest practical proposals for its implementation.The Brandt and Mauley ReportsIn their introduction to Global Challenge, the Socialist International's Report on international economic policy, Michael Manley and Willy Brandt write that "the multilateral framework that could bridge the gap between North and South has not been forged". Yet, the Report goes on to argue that nothing less than such a global framework can suffice to rescue the North from its 'beggar-my-neighbour' policies of national protection and the South from its desperate crisis of debt. The world-wide institutions for economic development that Keynes had helped to create at Bretton Woods after the second world war had either been starved of funds or turned to serve narrower monetarist ends. Instead of serving to extend national sovereignty these institutions have in effect reduced it.The Manley Report is designed to indicate first what that framework might encompass and secondly how, in default of a response to the appeals for world-wide action in the first two Brandt Reports, North-South: a Programme for Survival (1980) and Common Crisis North-South cooperation for World Recovery (1983), a beginning might be made between like-minded countries in the North and South and even between whole regions. This is not only regarder as a more realistic way forward than the attempt to reach at one step a new international economic order, but also as a means of bringing together those govern-