The COP21 accord signed on Saturday represents a landmark achievement in the fight against global climate change. The negotiations in Paris produced a binding commitment by 195 nations to restrict their greenhouse gas emissions. Despite years of effort, such a sweeping agreement had eluded negotiators until now. COP21, however, was not entirely without historical precedent. In addition to earlier, less successful attempts to limit greenhouse gas emissions like the Rio de Janeiro, Kyoto, and Copenhagen agreements, the talks in Paris also evoked older debates about Continue reading →
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 →