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Multilateral Diplomacy and the Economics of Change: The Third World and the New Interanltional Economic Order: The Third World and the New International Economic Order - Softcover

Benn, Denis

 
9789766371111: Multilateral Diplomacy and the Economics of Change: The Third World and the New Interanltional Economic Order: The Third World and the New International Economic Order

Synopsis

"Multilateral Diplomacy addresses an important historical episode in the struggle of the developing countries to restructure the international economic order that was perceived by them to be an obstacle to development. Told from the perspective of a participant in the negotiations, the book traces the evolution of the developing countries as actors in the economic system and describes the circumstances which gave rise to the demand for the New International Economic Order. It presents a detailed analysis of the negotiations on the NIEO and compares the strategies adopted by the parties to the negotiations. The geopolitical context within which the negotiations were carried out is also described. Equally important, Multilateral Diplomacy highlights the role of South-South cooperation as a counter strategy pursued by the developing countries in order to strengthen their bargaining position. The study points to the essential continuity between the struggle for the NIEO during the 1970s and the current efforts of developing countries to defend their economic interests in the negotiations taking place within the framework of the World Trade Organization and other similar forums. "

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Synopsis

This study examines the negotiations on the New International Economic Order (NIEO) which took place during the 1970s and early 1980s, against the background of the evolution and structure of the international economic system and the emergence of the developing countries as significant actors in that system. It presents a comparative analysis of the approaches and strategies adopted by the developing countries in the negotiations. At the same time, it explores the concept of economic co-operation among the developing countries as a strategy for changing the configuration of the power relations between them and the developed countries. Professor Benn argues that the current struggle by the developing countries in the World Trade Order (WTO) and other similar fora to establish an equitable international economic system is essentially a continuation of the negotiations that began with the New International Economic Order (NIEO).

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