International Economic Order

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Hassan A Saliu - One of the best experts on this subject based on the ideXlab platform.

  • foreign aid debt relief and africa s development problems and prospects
    South African Journal of International Affairs, 2009
    Co-Authors: Shola Omotola, Hassan A Saliu
    Abstract:

    In recent years, the Paris club granted a number of African countries, including Nigeria, debt relief. This elicited widespread celebration in the capital cities of affected countries, where it was portrayed as a veritable launch-pad to Africa's development. This paper takes a critical look at the debt relief, with emphasis on its problems and prospects for Africa's development. It is argued that while debt relief does offer some prospects for development, there is little or no evidence to suggest that such an outcome is automatic. The conditions that precipitated the debt crisis in the first instance, including an inequitable International Economic Order and political conditions tied to aid, are still very present in the debt relief regime. Corruption of the foreign aid regime by both internal and external actors has been compounded by the recent global Economic crisis, posing further constraints on the effectiveness of foreign aid in Africa. If debt relief must yield the desired result, it has to be acc...

Kristen Hopewell - One of the best experts on this subject based on the ideXlab platform.

  • new protagonists in global Economic governance brazilian agribusiness at the wto
    New Political Economy, 2013
    Co-Authors: Kristen Hopewell
    Abstract:

    The existing International Economic Order has been heavily shaped by US power and the US has been a key driver of globalisation and neoliberal Economic restructuring, prompting speculation about whether the rise of new developing country powers could rupture the current trajectory of neoliberal globalisation. This paper analyses the case of Brazil at the World Trade Organization (WTO), a core institution in global Economic governance. In the last decade, Brazil successfully waged two landmark trade disputes against the US and EU and created a coalition of developing countries – the G20 – which brought an end to the dominance of the US and EU at the WTO and made their trade policies a central target of the Doha Round. Brazil's activism has been widely hailed as a major victory for developing countries. However, I argue that rather than challenging the neoliberal agenda of the WTO, Brazil has emerged as one of the most vocal advocates of free market globalisation and the push to expand and liberalise global...

  • new protagonists in global Economic governance brazilian agribusiness at the wto
    New Political Economy, 2013
    Co-Authors: Kristen Hopewell
    Abstract:

    The existing International Economic Order has been heavily shaped by US power and the US has been a key driver of globalisation and neoliberal Economic restructuring, prompting speculation about whether the rise of new developing country powers could rupture the current trajectory of neoliberal globalisation. This paper analyses the case of Brazil at the World Trade Organization (WTO), a core institution in global Economic governance. In the last decade, Brazil successfully waged two landmark trade disputes against the US and EU and created a coalition of developing countries - the G20 - which brought an end to the dominance of the US and EU at the WTO and made their trade policies a central target of the Doha Round. Brazil's activism has been widely hailed as a major victory for developing countries. However, I argue that rather than challenging the neoliberal agenda of the WTO, Brazil has emerged as one of the most vocal advocates of free market globalisation and the push to expand and liberalise global markets. I show that Brazil's stance has been driven by the rise of its export-oriented agribusiness sector. This case demonstrates that business actors from the Global South are becoming significant new protagonists in global Economic governance; they are taking the tools created by the states and corporations of the Global North - in this case, the WTO and its neoliberal discourse - and turning them against their originators. At the same time, their interests are being wrapped in and advanced through a discourse of development and social justice and a strategic mobilisation of the politics of the North-South divide.

  • new protagonists in global Economic governance brazilian agribusiness at the wto
    Social Science Research Network, 2013
    Co-Authors: Kristen Hopewell
    Abstract:

    The existing International Economic Order has been heavily shaped by US power and the US has been a key driver of globalisation and neoliberal Economic restructuring, prompting speculation about whether the rise of new developing country powers could rupture the current trajectory of neoliberal globalisation. This paper analyses the case of Brazil at the WTO, a core institution in global Economic governance. In the last decade, Brazil successfully waged two landmark trade disputes against the US and EU and created a coalition of developing countries – the G20 – which brought an end to the dominance of the US and EU at the WTO and made their trade policies a central target of the Doha Round. Brazil’s activism has been widely hailed as a major victory for developing countries. However, I argue that rather than challenging the neoliberal agenda of the WTO, Brazil has emerged as one of the most vocal advocates of free market globalisation and the push to expand and liberalise global markets. I show that Brazil’s stance has been driven by the rise of its export-oriented agribusiness sector. This case demonstrates that business actors from the Global South are becoming significant new protagonists in global Economic governance; they are taking the tools created by the states and corporations of the Global North – in this case, the WTO and its neoliberal discourse – and turning them against their originators. At the same time, their interests are being wrapped in and advanced through a discourse of development and social justice and a strategic mobilization of the politics of the North-South divide.

Shola Omotola - One of the best experts on this subject based on the ideXlab platform.

  • foreign aid debt relief and africa s development problems and prospects
    South African Journal of International Affairs, 2009
    Co-Authors: Shola Omotola, Hassan A Saliu
    Abstract:

    In recent years, the Paris club granted a number of African countries, including Nigeria, debt relief. This elicited widespread celebration in the capital cities of affected countries, where it was portrayed as a veritable launch-pad to Africa's development. This paper takes a critical look at the debt relief, with emphasis on its problems and prospects for Africa's development. It is argued that while debt relief does offer some prospects for development, there is little or no evidence to suggest that such an outcome is automatic. The conditions that precipitated the debt crisis in the first instance, including an inequitable International Economic Order and political conditions tied to aid, are still very present in the debt relief regime. Corruption of the foreign aid regime by both internal and external actors has been compounded by the recent global Economic crisis, posing further constraints on the effectiveness of foreign aid in Africa. If debt relief must yield the desired result, it has to be acc...

Jean-marc F. Blanchard - One of the best experts on this subject based on the ideXlab platform.

  • harmonious world and china s foreign Economic policy features implications and challenges
    Journal of Chinese Political Science, 2008
    Co-Authors: Jean-marc F. Blanchard
    Abstract:

    Analysts oddly have neglected the foreign Economic implications of China’s harmonious world and harmonious society doctrines. This article specifies the foreign Economic policy effects of both, collectively termed harmonious world plus (HWP). It shows that HWP implies China’s continued integration into the global Economic system, acceptance of the extant International Economic Order, and backing for increased cooperation and exchange, provided it is mutually beneficial. It further demonstrates that HWP implies support for global development, self-reliance, and multilateralism. Beyond this, the study reveals that HWP is likely to influence China’s interactions with International Economic institutions, foreign investors, and its International resource dealings. Generally speaking, this article shows that China is making progress adhering to most of the tenets of HWP, though there are some areas for concern. It also reveals that convergences and divergences between HWP and China’s actual policies are attributable to national interests, China’s limited capabilities, and domestic politics.

Philip S Golub - One of the best experts on this subject based on the ideXlab platform.

  • from the new International Economic Order to the g20 how the global south is restructuring world capitalism from within
    Third World Quarterly, 2013
    Co-Authors: Philip S Golub
    Abstract:

    Abstract In the early 1970s the G77 and the Non Aligned Movement ( nam ) challenged the material and intellectual pillars of the postwar liberal capitalist system through collective action at the UN to establish a New International Economic Order ( nieo ). The aim was to complete the ‘emancipation’ of the ‘global South’ by creating binding institutional frameworks, legal regimes and redistributive mechanisms correcting historically constructed core–periphery disparities. That ambitious effort failed in the face of ‘Northern’ resistance and national segmentation within the nam . Today re-emerging states of the global South are engaged in a more successful effort to gain voice and alter International hierarchy by claiming a central place in the world capitalist system and restructuring it from within. The vertical late-modern world system centred in the Atlantic and Ordered by the ‘West’ is thus gradually giving way to a polycentric International structure in which new regional and transnational ‘South–Sout...