In the XX century the developing countries tried to change the trend with the help of the USSR. The Group of 77 (the Non-Aligned Movement – NAM) applied efforts to overcome the legacy of colonialism and neo-colonialism. The Declaration for the Establishment of a New International Economic Order (NIEO) on May 1, 1974 meant to be a revision of the international economic system in favour of Third World countries… Today there are some signs signaling the revival of attempts to establish a new world order in the interests of the countries that belong to the periphery of world capitalism. The establishment of BRICS and the consolidation of the periphery countries within the framework of G20 are the examples of such activities… One more initiative to repay the damage inflicted on the poor South by the rich North was put forward in 2013 by the members of CARICOM… 14 Caribbean countries coalescing under the CARICOM banner took a unanimous decision to join forces and demand compensations from former colonies «for the lingering effects of slavery»…