A Requiem for the 'New International Economic Order' The Rise and Fall of Paradigms in International Economic Law
Article from: OGEL Archive issue , in Roundup of Articles
Summary
The three resolutions by the UN General Assembly in 1974 calling for a "New International Economic Order (NIEO)" have probably been the most important, comprehensive, far-reaching - and controversial - resolutions of the General Assembly in economic matters. Voted by the overwhelming majority of states - with the exception of the major Western countries, they called into question well established international economic law, provided a profound criticism of Western countries in all aspects of their economic interaction with the "Third World", highlighted throughout the inequality ...