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The Quest for a New International Economic Order

  • Mahfuzur Rahman

Abstract

While all member states of the United Nations have from time to time declared themselves totally committed to international cooperation, there have been innumerable occasions in the last fifty years when that commitment clearly faltered. The definition of failure in this case of course depends, at least in part, on who is defining it. There is little doubt, however, that in the economic arena that commitment was put to its severest test when ideas of what was called a “new international economic order” came surging in. Assuming that the test was necessary and correct, the result was a resounding failure of cooperation. Entrenched interest, national hubris, ideological divisions, and mindless militancy — all played their part in a long and complex story of the quest for a new order. The idea of a new international economic order has long ceased to be a matter of serious discussion at the United Nations. None the less, the story is worth recounting, if only to ponder the limits of international cooperation.

Keywords

Special Session Eastern Bloc International Monetary System International Economic Order United Nation System 
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Notes

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Copyright information

© Springer Science+Business Media New York 2002

Authors and Affiliations

  • Mahfuzur Rahman

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