The New International Economic Order
The gap between the rich and the poor is growing more and more every day. Something has got to be done to solve this issue. In 1974 members of the Third World gathered together at the United Nations. Their purpose was to find the answers to solve the gap between the rich and the poor. A total of seventy-seven members proposed the NIEO, hoping this might solve the gap. The NIEO stands for the New International Economic Order. Its aim was to bring the rich and the poor countries together to discuss issues that might bring the gap closer together. The negotiations of the NIEO were called the North and the South Dialog. Eighteen clauses made up the NIEO. These clauses were the changes that the Group of 77 desired.
One of the clauses stated that each state would be free to determine their own economic and political system. Unfortunately this did not happen due to the fact that rich countries have taken it among themselves to determine what is right for poor countries. The poor countries do not have a say in what they want.
The second clause stated that each state it to control their own natural resources. This means that rich countries will no longer be able to control poor countries natural resources like they had been doing. This causes a huge problem with rich countries who gather natural resources from these countries and the corporations who make money off of the natural resources. The rich countries do not like to see this take place. One example has to do with Chili and their copper. The copper of Chili is controlled by IT&T. During a presidential election in 1970, a man by the name of Allende said that if he was elected he would nationalize the copper. He was soon elected and then...
... middle of paper ...
...ms. One example deals with the AIDS epidemic in Ghauna. Twenty-five percent of the people in Ghauna have the AIDS virus. The AIDS virus is spreading even faster in the Third World Countries because of the lack of modern technology. The Third World Countries feel if the United States finds a shot that will prevent AIDS, the shot should be a Heritage of Mankind which means everyone will be intitled to it. The United States says no because they did the research and spent the time and money.
Overall, the Group of 77 had very good intentions. They saw that there needed to be something done to help solve the gap between the rich and the poor. The only problem is that the rich countries are far to ahead of the game. They will not allow many of the proposals to go into action. This leads to an even larger gap between the rich and the poor that is still on the increase.
The strength of a state is often connected to its’ ability to gain wealth. That wealth can be supported or delayed by laws that govern the trade of goods and services between those states. The guideline is referred to as the Commerce Clause. The Commerce Clause is an established guideline from the United States Constitution. It outlines the details of the trade of goods and services. It is born from the Tenth amendment of the constitution. It outlines what can and cannot be done as it relates to trade and affairs within the state and defines who controls the power to regulate it. It is the major thing that allows states to maintain powers related to commerce. According to Miller (2012) the Commerce Clause is focused
In the book Political Economy of International Relations Gilpin states, “Although my values are of liberalism, the world in which we live is one best described by the ideas of economic nationalism and occasionally by those of Marxism as well” (Gilpin, 1987.) Gilpin made this claim due to the legacy of Keynesian economic ideology, the 1973 oil crisis caused by OPEC, and the presence of communism in other prominent countries during this time period.
“Early in the convention, the delegates agreed on the need for a stronger national government than the Articles had created, but there was conflict over how best to structure a representative democracy that would protect liberties, with property rights a priority for the delegates.” Slavery was also a major conflict that needed to be addressed. The delegates worked through the conflicts and reached compromises they could all support. They had to balance their preference for a strong central government with the citizens ' distrust of a strong central government. Ultimately, the delegates framed a new constitution, establishing new foundational government structures and operating procedures to achieve the principles laid out in the Declaration of Independence. Thereafter, proponents of the proposed new constitution would win its ratification only after acknowledging the need to amend it quickly by adding a bill of rights to limit the power of the national government it created. The framers created an innovative system of government with dual sovereignty—a system of government in which ultimate governing authority is divided between two levels of government—a central government and regional governments—with each level having ultimate authority over different policy
The United States has for over two centuries been involved in the growing world economy. While the U.S. post revolutionary war sought to protect itself from outside influences has since the great depression and world war two looked to break trade restrictions. The United States role in the global economy has grown throughout the 20th century and as a result of several historical events has adopted positions of both benefactor and dependent. The United States trade policy has over time shifted from isolationist protectionism to a commitment to establishing world-wide free trade. Free trade enterprise has developed and grown through organizations such as the WTO and NAFTA. The U.S. in order to obtain its free trade desires has implemented a number of policies that can be examined for both their benefits and flaws. Several trade policies exist as options to the United States, among these fair trade and free trade policies dominate the world economic market. In order to achieve economic growth the United States has a duty to maintain a global trade policy that benefits both domestic workers and industry. While free trade gives opportunities to large industries and wealthy corporate investors the American worker suffers job instability and lower wages. However fair trade policies that protect America’s workers do not help foster wide economic growth. The United States must then engage in economic trade policies that both protect the United States founding principles and secure for tomorrow greater economic stability.
The document is simply part of the Constitution describing how the Legislative Branch would be set up. In the House of Representatives, Article I Section II says “Representatives shall be apportioned according to [population] ”, which means each state shall have at least one representative. This supported Big States because they had a bigger population than smaller states. For the Senate, Article I Section III says “The senate of the United States shall be composed of two senators from each state ”, which means each senator shall have one vote. This was good for Little States because little states wanted voting to be equal among all states. This Great Compromise protects us by not giving the bigger states more power than the little
Michaels implores his fellow citizens to abhor from demeaning associations, contending that the poor are simply “people who have too little respect [and] it is our attitude toward the poor, not their poverty, that becomes the problem to be solved” (681). In order to procure an authentic and lasting change in the economic disparity, an equally compelling effort from policy makers and citizens in their treatment towards the poor must be implemented with relentless diligence. Without dual efforts, the changes plausible are meager at best due to the active opposition; thus it is vital that the citizens present a willingness to adopt new mentalities in tandem with the adjustment of the legal framework surrounding the
Since the start of trade in the United States and around the world there has always been a need for rules and regulations. The GATT (General Agreement on Tariffs and Trade) was the one for the past century that dealt with issues that would arise they wrote rules on things that were acceptable and not acceptable in the trade arena. Out of the GATT came the World Trade Organization (WTO) that was designed to take care of more issues than GATT. Although the WTO has only been around for almost a decade it has come under criticism from almost all arenas. They have had issues brought to their table that have been hard decisions and now have issues they must deal with that could affect the way free trade is in the future. Countries have battled amongst each other as how to solve a problem such as The Beef Hormone Case, The Shrimp Turtle case and the Caribbean Banana Case. These were case that will be discussed later, but have set a kind of foundation for the WTO as to where they will be headed in the future. Agriculture has become a hot issue in the international market and the WTO is still trying to find ways to accommodate the developed countries and develop further growth in the developing nations. The World Trade Organization is also stepping into new territory and the future is no exception.
The issue of trade has been a factor in the interrelations between nations since their conception. Throughout history there have been many different structures that encompass these trade relations. In essence, the state of trade between counties coincided with, and depended upon, their economies, social structure, willingness to trade, and their available resources (tradable products and services). Today's trade system is still formulated by these factors. However, there are many more concerns and actors which must be weighed. The current international trade system is, to say the least, much more complex. In its complexity, the trade system has also inherited a very controversial nature.
The subject of national sovereignty presents a puzzle. On the one hand, the notion of the sovereignty of the state figures importantly in our descriptions of, and our prescriptions for, global political change. (1) For example, a natural characterization of the political changes in Eastern Europe and Central Asia preceding and following the demise of the Soviet Union is that a number of national political communities have vigorously asserted, sometimes by force of arms, claims to national sovereignty. Against this is the claim that, as a result of the contemporary realities of global affairs, national sovereignty has become irrelevant, an anachronistic notion. According to this view, there is a variety of factors which, especially in the past several decades, have drained states of their sovereignty by depriving them of the ability to protect themselves and their citizens from the negative effects of the actions of other states or outside groups. The most important of these factors are the accelerating pace of global economic integration and the increasingly wide-spread and detrimental human impact on the environment.
National economies are more connected today than ever before with nations focusing on their comparative advantages and a global economy has been created but because of this, the world’s economies have become increasingly interdependent and volatile. Oil is the backbone of the global economy, but oil is a quickly depleting resource and eventually government protection of oil resources will lead to the collapse of global trade. Globalization causes negative effects on the world’s economies, with increased interdependence leading to issues like Contagion. Governments are steadily becoming more involved in regulating their economies and protecting their own economies will hurt globalization. Government involvement in the economy makes globalization unsustainable.
Krugman, P.R. (1987) Is free trade passé? The Journal of Economic Perspectives, 1(2), 131-144. Retrieved from http://dipeco.economia.unimib.it/Persone/Gilli/food%20for%20thinking/simple%20general%20readings%20on%20economics/Is%20Free%20Trade%20Passe.pdf
The macroeconomic environment is a dynamic environment, which could not remain unchanged (Gajewsky 2015). There are many factors influence the global macroeconomic environment, such as interest rate, exchange rate, GDP，aggregate demand, monetary policy and other macroeconomic variable (Oxelheim and Wihlborg 2008). These factors are closely associated with commodity price.
The term ‘Globalization’ refers to is the integration of economies, industries, markets, cultures and policy-making round the globe. It explains a progression by which both national and regional economies, societies, and cultures have become incorporated through the universal system of commerce, communication, migration and transportation.
...m having an authoritarian leader even if he is trying to help the country grow. Also, the authors don’t believe in foreign aid and they explain that usually only 10% actually reaches the helpless. However, even if only 1% of the intended aid was going to the actual recipients, than that would still be an accomplishment over nothing.
Globalization has been a start of a new modernized era in history. The source states that as an individual you are given prosperity, stability, and also predictability, and also points out that it helps developing countries modernize and catch up with developed countries, and also reduce poverty since new businesses are formed allowing more employment in the country due to the subsidies that wealthier countries give to them. The person who wrote this source is a pro globalist, and has probably experienced the prosperity that was given to them because of the global trading system. His perspective on globalization suggests that globalization is the key to advancing technology, good relations between countries, and is beneficial event in history. One should embrace the global economy as it creates many roads to achieve your goals in your life, and also for the weaker countries that needs support, but to a degree that the government can intervene with the market.