New international economic order
New international economic order
- New Delhi CSSR 1983
- 87 p.
The New International Economic Order or, briefly the NIEO, is an idea which has been overwhelmed in recent press discus sions by the idea of World Economic Recovery. The shift from NIEO with its emphasis on wide-ranging structural reforms to a set of proposals aimed at reactivating the world economy, especially the developed market economies, is also reflected in the majority of academic writings.
The idea to hold a Seminar on the NIEO at this time may, therefore, appear to practical men as somewhat inappropriate. It may be argued that such discussion is best postponed to a later date when the world economy will have recovered its dynamism which it displayed until stagflation so conspicuously eroded it. In our discussions on the Indo-Dutch Committee on Research Collaboration in Social Sciences, we came, how ever, to a different conclusion. We believe that a time of crisis is also a time of opportunity. Men are sometimes inclined to think of alternatives in a situation of crisis when normally they would carry out business as usual. Furthermore, there are serious dangers that to get out of the impasse into which the world economy has run into, policy-makers will opt for solutions which will serve as merely temporary palliatives. It is, therefore, absolutely necessary to take a view of the proposals constituting the NIEO and their theoretical under pinning afresh in the light of the world crisis. A very important dimension of the world crisis is crucially linked with the question of peace and development. There is growing aware ness among ever increasing number of nations and peoples of the compelling need to consolidate peace and to press for the reordering of the international system. This may well require both tactical and strategic changes without compromising the objectives of an efficient and equitable international economic order.
Economics
332.152 NEW
The New International Economic Order or, briefly the NIEO, is an idea which has been overwhelmed in recent press discus sions by the idea of World Economic Recovery. The shift from NIEO with its emphasis on wide-ranging structural reforms to a set of proposals aimed at reactivating the world economy, especially the developed market economies, is also reflected in the majority of academic writings.
The idea to hold a Seminar on the NIEO at this time may, therefore, appear to practical men as somewhat inappropriate. It may be argued that such discussion is best postponed to a later date when the world economy will have recovered its dynamism which it displayed until stagflation so conspicuously eroded it. In our discussions on the Indo-Dutch Committee on Research Collaboration in Social Sciences, we came, how ever, to a different conclusion. We believe that a time of crisis is also a time of opportunity. Men are sometimes inclined to think of alternatives in a situation of crisis when normally they would carry out business as usual. Furthermore, there are serious dangers that to get out of the impasse into which the world economy has run into, policy-makers will opt for solutions which will serve as merely temporary palliatives. It is, therefore, absolutely necessary to take a view of the proposals constituting the NIEO and their theoretical under pinning afresh in the light of the world crisis. A very important dimension of the world crisis is crucially linked with the question of peace and development. There is growing aware ness among ever increasing number of nations and peoples of the compelling need to consolidate peace and to press for the reordering of the international system. This may well require both tactical and strategic changes without compromising the objectives of an efficient and equitable international economic order.
Economics
332.152 NEW