This study traces the political history of the ideas underlying Third World calls for a New International Economic Order. Filling a significant gap in the literature, the book shows that NIEO ideology has a direct, unbroken line of development extending back to World War II, when a "new international economic order," the Bretton Woods system, was created. Dr. Murphy maintains that NIEO ideology is not rooted only in Third World acceptance of Prebisch's views on trade; rather, it evolved from Third World attempts to cope with problems and opportunities that emerged as the Bretton Woods system was created, operated, and began to break down. By the 1970s, the ideology had become a complex and coherent analysis of the economic position of Third World states, including a political analysis of how Third World views could be made dominant. Many of Dr. Murphy's conclusions challenge the conventional wisdom about the Third World position of the NIEO. In addition, his study offers insight into the relatively unexplored area of how changes in political and social consciousness affect international systems, and provides grounds on which officials from both the South and the North can see the others' views as less alien.
Table of Contents
Also of Interest -- Introduction: The Ideology's Role in the North-South Conflict -- The Alternative to Bretton Woods Before 1960 -- The "New" Ideology in the 1960s -- 1970–1974: Cracks in the Old Order and Calls for the New -- The Debate Since 1974 -- The NIEO Ideology as Ideology -- Afterword: How Ideas Can Help Resolve the North-South Conflict