Developing countries lost a great deal in the Uruguay Round trade talks. The North is still protectionist. The South does not need hot money and short-term money, but can earn through exports at the right prices. We can only get this collectively through WTO negotiations. On the regional level, there is a lot that can be done.
Development is a long and painful process.
There is scope for this region to act collectively, and this is the best defence against globalisation, including in finance. On the national level, regarding trade, we are now in a different situation from the 1960s. Today, everyone exports. The situation has changed. The lessons of the 1960s and 1970s from East Asia may not be appropriate anymore.