Skip to main content

Negotiations for a New International Economic Order

  • Chapter
  • 21 Accesses

Abstract

Inspired by the success of OPEC and heartened by the commodity price boom of the early 1970s, the developing countries began a concerted effort to change the regimes governing North-South economic relations. In 1974, they put three documents before the General Assembly of the United Nations which defined a negotiating agenda: the Declaration on the Establishment of a New International Economic Order, the Programme of Action on the Establishment of a NIEO, and the Charter of Economic Rights and Duties of States.1 Many of the items on this agenda were not new; the main novelty of the NIEO negotiations was the high level of attention paid to them by the governments of rich and poor nations alike.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Notes and References

  1. For another review of the negotiations. see Rachel McCulloch. ‘Economic Policy in the United Nations: A New International Economic Order’. in Karl Brunner (ed.). The First World and the Third World (Rochester, N.Y.: University of Rochester Policy Center Publications, 1978).

    Google Scholar 

  2. On the most recent Multilateral Trade Negotiations, see Gilbert Winham, ‘The U.S. Wine Gallon Concession: How the Biggest Chip in the Tokyo Round Was Negotiated’, unpublished manuscript, Centre for Foreign Policy Studies, Dalhousie University, July 1981. On the legal regime for humanitarian practices, see

    Google Scholar 

  3. David P. Forsythe, ‘Three Sessions of Legislating Humanitarian Law’, International Lawyer (1977) 131–42. On the law of the sea. see

    Google Scholar 

  4. Ann Hollick, U.S. Foreign Policy and the Law of the Sea (Princeton: Princeton University Press, 1981). On the regime governing the environment. see

    Google Scholar 

  5. John G. Ruggie, The Structure of Planetary Politics (New York: Columbia University Press, 1981).

    Google Scholar 

  6. Gilbert Winham, ‘Negotiation as a Management Process’, World Politics, 30 (October 1977) 87–114.

    Article  Google Scholar 

  7. Joseph S. Nye. Jr.. ‘UNCTAD: Poor Nations’ Pressure Group’. in Robert W. Cox and Harold Jacobson (eds). The Anatomy of Influence (New Haven: Yale University Press, 1973).

    Google Scholar 

  8. Robert L. Rothstein, Global Bargaining: UNCTAD and the Quest for a New International Economic Order (Princeton: Princeton University Press, 1979):

    Google Scholar 

  9. Johan Kaufmann, Conference Diplomacy (New York: Oceana, 1968).

    Google Scholar 

  10. John G. Ruggie, ‘International Response to Technology: Concepts and Trends’, International Organization. 29 (Summer 1975) p. 250.

    Article  Google Scholar 

  11. Robert O. Keohane and Joseph S. Nye. Power and Interdependence (Boston: Little. Brown, 1977) p. 19.

    Google Scholar 

  12. Ruggie, ‘International Response’. p. 250: Ernst B. Haas, ‘Why Collaborate? Issue-Linkage and International Regimes’, World Politics, 32 (April 1980) pp. 357–8.

    Article  Google Scholar 

  13. Oran R. Young, ‘International Regimes: Problems of Concept Formation’, World Politics, 32 (April 1980) pp. 332–42.

    Article  Google Scholar 

  14. Paul Sigmund, Multinationals in Latin America: The Politics of Nationalization (Madison: University of Wisconsin Press. 1980):

    Google Scholar 

  15. David Jodice, ‘Sources of Change in Third World Regimes for Foreign Direct Investment’, International Organization, 34 (Spring 1980) 177–206.

    Article  Google Scholar 

  16. See Stephen D. Krasner, Defending the National Interest (Princeton: Princeton University Press, 1978).

    Google Scholar 

  17. Jorge I. Domínguez, ‘Latin America: Business Nationalism versus Multinational Enterprises’, paper delivered at an International Organization conference on industrial sectors in the world market, Swarthmore College, Swarthmore, Pa., 1–2 September 1981.

    Google Scholar 

  18. Alton Law, International Commodity Agreements (Lexington, Mass.: Lexington Books. 1975) p. 1.

    Google Scholar 

  19. Robert Hudec. The GATT Legal System and World Trade Diplomacy (New York: Praeger, 1975);

    Google Scholar 

  20. Richard Gardner. Sterling Dollar Diplomacy (Oxford: Clarendon Press, 1956).

    Google Scholar 

  21. Anindya K. Bhattacharya. Foreign Trade and International Development (Lexington, Mass.: Lexington Books, 1976) ch. 8.

    Google Scholar 

  22. Charles Ries, ‘The “New International Economic Order”: The Skeptics’ View’, in Karl Sauvant and H. Hasenpflug (eds), New International Economic Order (New York: Westview, 1977) pp. 71–4;

    Google Scholar 

  23. Carl Lankowski, ‘National Capital in the European Community: The Struggle Over the Lomé Convention’, paper delivered at the annual meeting of the American Political Science Association, Washington, D.C., 2 September 1977.

    Google Scholar 

  24. William R. Cline, Noboru Kawanabe, T.O.M. Kronsjo, and Thomas Williams, Trade Negotiations in the Tokyo Round (Washington, D.C.: The Brookings Institution, 1978) p. 216. The authors cite a study of Donald Keesing.

    Google Scholar 

  25. Susan Strange, ‘The Management of Surplus Capacity’, International Organization, 33 (Summer 1979) pp. 310–18;

    Article  Google Scholar 

  26. David Yoffie, ‘The Advantages of Adversity: Weak States and the Political Economy’, Ph.D. Dissertation, Stanford University, 1981.

    Google Scholar 

  27. John S. Odell, ‘Latin American Trade Negotiations with the United States’, International Organization, 34 (Spring 1980) 207–28;

    Article  Google Scholar 

  28. T.J. Pempel, ‘Japanese Foreign Economy Policy’, in Peter Katzenstein (ed.), Between Power and Plenty (Madison: University of Wisconsin Press, 1978) p. 163;

    Google Scholar 

  29. Vagn Kjellberg, ‘Who Benefits from European Economic Community’s Trade Preferences?’ IFDA (International Foundation for Development Alternatives) Dossier, no. 6 (April 1979) p. 14.

    Google Scholar 

  30. Robert S. McNamara, Address to the Board of Governors (Washington, D.C.: The World Bank, 26 September 1977) p. 16.

    Google Scholar 

  31. Michael Dolan and James Caporaso, ‘The External Relations of the European Community’, The Annals of the American Academy of Political and Social Science, 440 (November 1978) pp. 142–4;

    Article  Google Scholar 

  32. Alfred Tovias, Tariff Preferences in Mediterranean Diplomacy (New York: St Martin’s Press, 1978) pp. 1–13.

    Google Scholar 

  33. G.K. Helleiner, ‘World Market Imperfections and the Developing Countries’, in William R. Cline (ed.), Policy Alternatives for a New International Economic Order (New York: Praeger, 1979) p. 378;

    Google Scholar 

  34. G.K. Helleiner, ‘International Technology Issues: Southern Needs and Northern Responses’, and

    Google Scholar 

  35. Stephen P. Magee, ‘Information and Multinational Corporations: An Appropriability Theory of Direct Foreign Investment’, in Jagdish N. Bhagwati (ed.), The New International Economic Order: The North-South Debate (Cambridge, Mass.: MIT Press, 1977);

    Google Scholar 

  36. Constantino Vaitsos, Comercialización de Tecnología en el Pacto Andino (Lima: Instituto de Estudios Peruanos, 1973);

    Google Scholar 

  37. Miguel Wionczek, La Transferencia Internacional de Tecnología (Mexico: Fondo de Cultura Económico, 1974).

    Google Scholar 

  38. Ervin Laszlo, with Robert Baker, Elliott Eisenberg, and Venkata Raman, The Objectives of the New International Economic Order (New York: Pergamon Press, 1978) p. 124.

    Google Scholar 

  39. Denis Goulet, The Uncertain Promise: Value Conflicts in Technology Transfer (New York: IDOC/North America, 1977) pp. 173–4.

    Google Scholar 

  40. Robert Bond, ‘Regionalism in Latin America: Prospects for the Latin American Economic System (SELA)’, International Organization, 32 (Spring 1978) 401–24.

    Article  Google Scholar 

  41. Keesing’s, 22 (1976) p. 27529; John Martz, ‘Venezuelan Policy Toward Latin America’, in Robert Bond (ed.), Venezuela and Its Role in International Affairs (New York: New York University Press, 1977) p. 169.

    Google Scholar 

  42. Robert S. McNamara, Address to the Board of Governors (Washington, D.C.: The World Bank, 30 September 1980) p. 13.

    Google Scholar 

  43. Gordon W. Smith. The External Debt Prospects of the Non-Oil-Exporting Developing Countries (Washington, D.C.: Overseas Development Council, 1977) p. 1.

    Google Scholar 

  44. Ibid., pp. 1–2.

    Google Scholar 

  45. United Nations Association of the United States, Issues Before the 31st General Assembly of the United Nations (New York: Interchange Foundation. 1976) p. 38.

    Google Scholar 

  46. On the history of UNCTAD. see Branislav Gosovic, UNCTAD: Conflict and Compromise London: Sijthoff, 1972); Nye , ‘UNCTAD: Poor Nations’ Pressure Group’; Bhattacharya. Foreign Trade and International Development.

    Google Scholar 

  47. Horst Mendershausen, Coping with the Oil Crisis (Baltimore: Johns Hopkins University Press, 1976) pp. 72 and 96;

    Google Scholar 

  48. Branislav Gosovic and John G. Ruggie, ‘On the Creation of the New International Economic Order: Issue Linkage and the Seventh Special Session of the UN General Assembly’, International Organization, 30 (Spring 1976) p. 317; Keesing’s, 20 (1974) pp. 26358, 26407 and 26436.

    Google Scholar 

  49. Carlos Guerón, ‘Evolución Preliminar de un Viaje Preliminar’, Resúmen, 162 (2 December 1976), pp. 26–9; Keesings, 23 (1977) p. 28284.

    Google Scholar 

  50. Clyde Farnsworth, ‘U.S. to Negotiate on Pooled Fund for Commodities’, New York Times (12 March 1977) p. 1; ‘Transcript of President’s Address at UN on Peace, Economy and Human Rights’, New York Times (18 March 1977), p. A10.

    Google Scholar 

  51. K.W. Clarfeld, Eight Mineral Cartels (New York: McGraw Hill, 1976);

    Google Scholar 

  52. Zuhayr Mikdashi, The International Politics of Natural Resources (Ithaca, New York: Cornell University Press, 1976) especially ch. 3;

    Google Scholar 

  53. Helge Hveem, The Political Economy of Third World Producer Associations (Oslo: Universitetsforlaget, 1978).

    Google Scholar 

  54. See Lawrence Franko and Marilyn Seiber (eds). Developing Country Debt (New York: Pergamon Press, 1979).

    Google Scholar 

Download references

Authors

Copyright information

© 1983 Jeffrey A. Hart

About this chapter

Cite this chapter

Hart, J.A. (1983). Negotiations for a New International Economic Order. In: The New International Economic Order. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06594-3_2

Download citation

Publish with us

Policies and ethics