Global Models And The International Economic Order

The post-war liberal economic order seems to be crumbling, placing the world at an inflection point. China has emerged as a major force, and other emerging economies seek to play a role in shaping world trade and investment law. Might they band together to mount a wholesale challenge to current rules and institutions? Emerging Powers in the International Economic Order argues that resistance from the Global South and the creation of China-led alternative spaces will have some impact, but no robust alternative vision will emerge. Significant legal innovations from the South depart from the mainstream neoliberal model, but these countries are driven by pragmatism and strategic self-interest and not a common ideological orientation, nor do they intend to fully dismantle the current ordering. In this book, Sonia E. Rolland and David M. Trubek predict a more pluralistic world, which is neither the continued hegemony of neoliberalism nor a full blown alternative to it.

This book is the eagerly awaited successor to Robert Gilpin's 1987 The Political Economy of International Relations, the classic statement of the field of international political economy that continues to command the attention of students, researchers, and policymakers. The world economy and political system have changed dramatically since the 1987 book was published. The end of the Cold War has unleashed new economic and political forces, and new regionalisms have emerged. Computing power is increasingly an impetus to the world economy, and technological developments have changed and are changing almost every aspect of contemporary economic affairs. Gilpin's Global Political Economy considers each of these developments. Reflecting a lifetime of scholarship, it offers a masterful survey of the approaches that have been used to understand international economic relations and the problems faced in the new economy. Gilpin focuses on the powerful economic, political, and technological forces that have transformed the world. He gives particular attention to economic globalization, its real and alleged implications for economic affairs, and the degree to which its nature, extent, and significance have been exaggerated and misunderstood. Moreover, he demonstrates that national policies and domestic economies remain the most critical determinants of economic affairs. The book also stresses the importance of economic regionalism, multinational corporations, and financial upheavals. Gilpin integrates economic and political analysis in his discussion of "global political economy." He employs the conventional theory of international trade, insights from the theory of industrial organization, and endogenous growth theory. In addition, ideas from political science, history, and other disciplines are employed to enrich understanding of the new international economic order. This wide-ranging book is destined to become a landmark in the field.

Political and Institutional Issues of the New International Economic Order covers various issues concerning New International Economic Order (NIEO), specifically those of political and institutional in nature. The book is comprised of seven chapters, which are divided into two parts. The first part covers topics relating to political issues in the negotiation of the NIEO, while the second part concerns itself with NIEO institutional and administrative issues. The text will of great interest to readers who are concerned with political and institutional aspects of the NIEO.

Financial resources of the magnitude, form, and character necessary to support changes in the structure of production in developing countries are essential for progress toward a new, more equitable international economic order. Inadequacies in the current monetary and financial system contribute to the underutilization of resources productive to developing countries and to the maintainence of economic imbalance. This volume demonstrates the need for a systematic attack on the acute problems of poverty and underdevelopment. It provides background information and data for those directly involved in the formulation of development theory and the implementation of development policy. The theory developed and practical experience discussed in these essays provide valuable perspectives on the continuing efforts to realign the international economic order.

Global Models and the International Economic Order: A Paper for the United Nations Institute for Training and Research Project on the Future focuses on the impact of global models in decision-making processes and in the pursuance of United Nations objectives as manifested in the concept of the New International Economic Order. The book first offers information on the description and results of studies, including limits to growth, Strategy for Survival model, Latin American world model, global constraints and vision for development, and the United Nations World Input-Output model. The manuscript also examines the comparison of model results. Concerns include structure of models, regionalization in the models, trade and aid, assumptions about demand and overall supply, and levels of regional development. The text also ponders on methodological considerations, as well as structure, detail, and feedback; calibration; sensitivity and scenario analysis; and optimizing models. The manuscript is a dependable reference for readers interested in the use of global models in decision making processes.

This volume examines China's approaches to international trade law, investment law, financial law, competition law, and intellectual property.