The New International Economic Order, Utopian Realism, and the Recovery of an Alternative Vision for Global Governance

15 Pages Posted: 6 Sep 2019

Date Written: September 5, 2019

Abstract

Not so long ago, an alternative to American hegemony and progressive isolationism was elaborated by non-aligned segments of the international left. In the search for potentially usable models from the past, this paper will shed light on the New International Economic Order (NIEO). Promulgated as a United Nations resolution in 1974, and drafted by leaders in the Global South, the NIEO was one of the most widely discussed transnational governance reforms of the twentieth century. This paper will argue that the NIEO was an exercise in utopian realism that fundamentally depended on foregrounding the global security dilemma and defending the legitimacy and lasting utility nation-state. As a result of these commitments, the NIEO's proponents unwittingly self-limited their chances for long-term success on the international stage.

Keywords: Realism, New International Economic Order (NIEO), utopianism, Global North, Global South

Suggested Citation

Chamedes, Giuliana, The New International Economic Order, Utopian Realism, and the Recovery of an Alternative Vision for Global Governance (September 5, 2019). Duke Global Working Paper Series No. 2019/12. Available at SSRN: https://ssrn.com/abstract=3448694 or http://dx.doi.org/10.2139/ssrn.3448694

Giuliana Chamedes (Contact Author)

University of Wisconsin, Madison ( email )

Madison, WI
United States

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