The United States

Jeffrey A. Hart

Chapter 6 in The New International Economic Order, 1983, pp 124-140 from Palgrave Macmillan

Abstract: Abstract It should not be necessary to argue that the United States would play a crucial role in the success of any change in regimes governing North-South economic relations. As the world’s largest, politically integrated market, and as one of the most important markets for developing countries in particular, the acquiescence of the United States in any new norms, rules, and procedures is a must. The broader role of the United States in the international system, as leader of the Western bloc and guarantor of the majority of its international economic regimes, gives it certain distinctive features which, especially in light of the recent theories of hegemonic decline, justify a more detailed examination of its policies than has been given to those of other countries. One further reason for focusing on the United States is the lower than average consistency of its NIEO policies over time. In this chapter, four distinct phases of US policies toward the NIEO between 1974 and 1977 are identified. The purpose of the chapter is to isolate the domestic political factors which explain the oscillations in those policies.

Keywords: Foreign Policy; International Energy Agency; OPEC Country; Bretton Wood System; Treasury Department (search for similar items in EconPapers)
Date: 1983
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DOI: 10.1007/978-1-349-06594-3_6

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