The purpose of this investigation is to examine the political factors which came into the creation and implementation of the Andean Foreign Investment Code. This study analyzes the political forces in the creation of the Code and examines the implementation of the Code in each of the Andean countries. This investigation concludes that although the Code has not been implemented uniformly in the Andean countries, it remains an important part of the Andean Common Market. In addition, the continual political consensus among the member countries is emphasized for the continuation of the Andean integration effort.

This report assesses the possibility of increased oil production from 21 less developed non-OPEC countries (excluding the Middle East and Mexico) by 1985. The forecast is compared with those prepared by the World Bank, the International Energy Agency, and others. The 21 Latin American, African, and Far East (including Asia) countries produce 2.5 million barrels of oil per day (BD) or 4.2% of world production, and they have 21 billion barrels of proved reserves, or 3.2% of the world total. In recent years these countries have consumed 3.1 million BD, some 0.9 million barrels in excess of their production. By 1985, the 21 countries may produce 3.9 million BD, an average annual increase of 5.0%; however, demand is expected to increase at an annual rate of 3.5% to 4.4 million BD. The net effect is that the 1985 aggregated supply-demand balance will be in deficit, by nearly 560 thousand BD, compared to slightly more than 930 thousand BD in 1976.