“The New World Order” – an Old Phenomenon of the Modern Time

Velcho Stoyanov

Economic Thought journal, 2008, issue 7, 73-86

Abstract: “New world order” (declared by George Bush Senior and the Club of Rome in the end of 20th century) is not a novice concept but is deeply rooted in history. New, however, are the unique circumstances under which it is constructed: wide-range and dynamic liberal globalization, collapse (in 1989) of the two-polarities world with two main leaders and the reign of a single super-powerful hegemony (USA) but with emerging new rivals (separate states or coalitions); growing role and importance of regional economic formations (with the EU as a prototype) and global corporations in the context of growing and intensifying environmental and cultural crisis; the economic (crisis) regularly reminds if itself too … The discrepancy and/or disparity between the emerging liberal global society and the lack of global governance is intensifying well, being expected to overcome the “new world order”.

JEL-codes: F01 F02 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2008:i:7:p:73-86

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