This is one entry in a roundtable on the NIEO, featuring posts by scholars who contributed to Humanity’s recent special issue on the topic. Be sure to read other posts by Kevin O’Sullivan and Patrick Sharma. My article focuses on the economic ideas behind the NIEO, specifically the ideas of the staff working for the United Nations Conference on Trade and Development (UNCTAD). Their ideas are rather surprising. They wrote about the need for markets, liberalization of trade, structural adjustment, export-oriented production, and increased financial flows. In our discussions at the Continue reading →
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 →