From Boumedienomics to Reaganomics: Algeria, OPEC, and the International Struggle for Economic Equality

In the first satellite pictures taken from the Apollo 17 in 1972, Earth was shown as a weightless sphere covered in clouds and unified by the blue oceans. The picture came with an important message, appearing as it did in the same year as the Club of Rome Limits of Growth report: humanity had common interests and these interests lay in the need to preserve the limited natural resources of the planet from the danger of overexploitation and overpopulation. An even more important image of the Earth Continue reading → Continue reading →

“Under the Aegis of Man”: The Right to Development and the Origins of the New International Economic Order

On September 23, 1966, the Senegalese foreign minister Doudou Thiam gave an impassioned speech to fellow delegates assembled in New York for the opening of the 21st Session of the United Nations General Assembly.1 It began as a reflection on the preceding twenty years of UN history. Despite some modest progress that the UN had achieved in meeting its three primary objectives—the maintenance of peace; the liberation of colonized peoples; and the economic and social development of mankind—this period was more notably exemplified by failures and Continue reading → Continue reading →

Socialist Globalization against Capitalist Neocolonialism: The Economic Ideas behind the New International Economic Order

This conference must also establish in plain terms the right of all peoples to unrestricted freedom of trade, and the obligation of all states signatories of the agreement emanating from the conference to refrain from restraining trade in any manner, direct or indirect. —Ernesto Che Guevara, speech delivered March 25, 1964, at the plenary session of the United Nations Conference on Trade and Development1 Much globalization scholarship assumes that the United States and other advanced industrialized capitalist countries are the primary agents of globalization. Meanwhile, Continue reading → Continue reading →

“In the Interests of Mankind as a Whole”: Mohammed Bedjaoui’s New International Economic Order

International lawyers, it is often said, are exceptionally, even ridiculously, fond of “universality.” And this fondness, bordering at times on the obsessive, manifests itself in a variety of forms, the most nebulous and notorious being the idea of “jus cogensnorms”—general principles from which international lawyers are willing to permit no deviation, even in the form of supposedly iron-clad treaties with directly countervailing provisions. Like principles of nonaggression and sovereign equality, prohibitions of piracy, slavery, and genocide are regularly ascribed jus cogens status, typically as part of an Continue reading → Continue reading →

Legal Aspects of the New International Economic Order

The complaint of the poor nations against the present state is not only that we are poor both in absolute and relative terms and in comparison with the rich nations. It is also that within the existing structures of economic interaction we must remain poor, and get relatively poorer, whatever we do … The demand for a New International Economic Order is a way of saying that the poor nations must be enabled to develop themselves according to their own interests, and to benefit from Continue reading → Continue reading →

Corporations at the United Nations: Echoes of the New International Economic Order?

During the 1970s, a coalition of developing countries known as the G-77 launched a far-reaching effort at the United Nations to realize a New International Economic Order (NIEO). At its core, the NIEO was a plan to transform what was, from the perspective of this coalition, a profoundly inequitable international economy biased against the global south. This program of structural reform and global redistribution was presented as a precondition for meaningful development in the Third World but also as a natural and necessary extension of Continue reading → Continue reading →

The Search for Justice: NGOs in Britain and Ireland and the New International Economic Order, 1968–82

On May 10, 1974, representatives from six leading British NGOs sat down to a meeting with Prime Minister Harold Wilson and three of his cabinet colleagues at 10 Downing Street. Their aim was simple: to persuade Wilson’s Labour Party government of the inherently global nature of poverty and the need for an appropriately global response. Coming just nine days after the UN General Assembly approved the G-77’s Declaration for the Establishment of a New International Economic Order (NIEO), this ad hoc Group for Action on Continue reading → Continue reading →

Between North and South: The World Bank and the New International Economic Order

The New International Economic Order (NIEO) was among the more notable aspects of the 1970s, a decade that scholars have begun to view as a critical period in contemporary history.1 Although anticolonial leaders, dependency theorists, and others had long advocated reforming the international political economy to spur more rapid development of the global south, the attempt to enumerate and codify these proposals under the auspices of the United Nations was unprecedented. So too was the fact that, for a time, northern governments entertained some of the Continue reading → Continue reading →

North/South: The United States Responds to the New International Economic Order

Endings, not beginnings, preoccupied the makers of American policy in the era of the New International Economic Order (NIEO). The collapse of the international monetary system; the expiration of cheap oil, which had fueled the postwar resurgence of industrialized societies; the disgrace of Richard Milhous Nixon; the crisis of American world leadership, even of the Cold War international order: these were among the transitions that American leaders were struggling to navigate when President Houari Boumediene of Algeria took the floor at the United Nations in Continue reading → Continue reading →

The New International Economic Order, Interdependence, and Globalization

The New International Economic Order (NIEO) was a failure as a political program. Its proposals called for a sweeping transformation of the global economy, but most of them never came close to being implemented. In fact, during the following decades, the world economy evolved not toward the NIEO vision of multilateral oversight and income redistribution but in the opposite direction, toward a more purely marketbased approach that has variously been called globalization, neoliberalism, market fundamentalism, or the “Washington Consensus.” Why, then, study the NIEO? Scholars Continue reading → Continue reading →