Although the relationship between the defeat of the NIEO and the triumph of neoliberalism has received little scholarly attention, John Toye, in an exception to this general neglect, argues that “the threat of an NIEO, particularly one imposed by the South and supported on moral grounds by influential public opinion in the North, acted as a strong spur to the counterrevolution in development policy” (Toye 1993, 180).

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1733