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The New International Economic Order: Centerpiece Venezuela

Published online by Cambridge University Press:  02 January 2018

Marros Mamalakis
Marros Mamalakis*
Affiliation:
Department of Economics, University of Wisconsin—Milwaukee, Milwaukee, Wisconsin 53201
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Extract

“A new economic order is essential for world peace,” proclaimed President Carlos Andrés Pérez of Venezuela (1976) on November 16, 1976, at the UN General Assembly in fulfilling “the mandate which Simon Bolivar gave [the Venezuelans] more than 150 years ago” (Pérez, 1976: 28). Responding to this call of destiny and reaffirming Venezuela's claimed Bolivarian tradition of placing “its resources.at the service of its people, at the servi of Latin America, at the service of humanity” (Pérez, 1976: 28f President Pérez (nicknamed Simonsito) sought in and through the New International Economic Order (NIEO) a new Lebensraum, not of destructive territorial expansion, but of increased purchasing power, dignity, equality, and independence for the poor, weak, underprivileged countries (Pérez, 1976: 7, 11). The NIEO, “a moral obligation of all nations,” “is required as a¡ desideratum of peace,” especially since the disintegrating “old international economic order which emerged from the Second World War … was an unjust system of relations based on inequality … designed to benefit those countries which had accumulated the fruits of technical progress” (Pérez, 1976: 9).

Type
Research Article
Information
Journal of Interamerican Studies and World Affairs , Volume 20 , Issue 3 , August 1978 , pp. 265 - 295
Copyright
Copyright © University of Miami 1978

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References

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