IRG 301 Lecture Notes - Lecture 8: New International Economic Order, Group Of 77, United Nations Conference On Trade And Development
8 May 2016
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Global governance versus government: difference: set of laws as opposed to centralized authority, network of institutions. Triangle of governance: point 1: international organizations. Ex: world bank, bretton woods system, imf. Favors western countries more: point 2: united nations. Favors developing countries more: point 3: smaller groups. Do these groups really represent everyone: the whole world vs. select view, challenges global governance. United nations (point 2: more states joining, transforms the general assembly of un, rise in power of developing countries. Bretton woods didn"t screw over smaller countries: activism to create economic agenda to push against powerful countries, happens around mid 1960"s. Unctad: successfully passed a un agenda: new international economic order. Developed countries should set aside overall gdp towards helping less developed countries of world. Bigger voice by coming together and setting agenda. Made un progressive voice for developing nations. More active during 60"s/70"s, not much now. G-6: 1975, middle east war (yom kippur), oil crisis, full breakdown of.
