Author Archives: Vanessa Ogle

About Vanessa Ogle

Assistant professor of transnational modern European history at the University of Pennsylvania. Her first book is a history of unifying clock times, calendars, and social time. Ogle's next project, Archipelago Capitalism: Decolonization and the Emergence of the Global Economy, 1950s–1980s, looks at a deterritorialized economic and legal order through the lens of tax havens, Eurodollar markets, special economic zones, and multinationals connecting these islands of unregulated capitalism.

State Rights against Private Capital: The “New International Economic Order” and the Struggle over Aid, Trade, and Foreign Investment, 1962–1981

Starting in the 1960s, Third World countries organized at the United Nations to achieve full economic independence. The “New International Economic Order” (NIEO) movement drafted charters and declarations, which placed the right to control natural resource industries and foreign direct investment squarely in the hands of newly decolonized nation-states. During the 1973 oil crisis, NIEO influence peaked. When debt and conditional loans followed in the wake of 1973, the NIEO’s leverage was removed. Instead of state-based right claims, the 1970s generally saw the triumph of the “last utopia” of individual human rights. It was mirrored by the rise of another anti-statist utopia, neoliberalism. Continue reading →