Sem-VI,bInternationalbRelationsb–bIIb
CoursebCode:b607
[Unit – 1] Ideas, Institutions, and Issues in International Political Economy
b b b b b b b b b b
TheoriesbonbInternationalbPoliticalbeconomy,bIPE
NeobColonialism:bNorth-SouthbDialogue;bSouth-
SouthbCooperation,bIBRD,bIMF,bWTOb,bMNCsb&bGlobalization.
1)ExplainbthebtermbNorth-SouthbDialogue?bWhatbmadebthebNorth-
SouthbDialoguebabfailurebandbanbincompletebagenda?b
ThebNorth-
SouthbDialoguebrefersbtobabseriesbofbdiscussions,bnegotiations,bandbdiplomaticbeffortsbthatbtookbpl
acebprimarilybduringbtheb1970sbandb1980sbbetweenbthebdevelopedbcountriesbofbthebNorthernbHe
misphereb(commonlybreferredbtobasbtheb“North”)bandbthebdevelopingbcountriesbofbthebSouthernb
Hemisphereb(referredbtobasbtheb“South”).bThesebdialoguesbaimedbtobaddressbvariousbeconomic,bs
ocial,bandbpoliticalbissuesbthatbwerebaffectingbglobalbrelations,bparticularlybbetweenbthebwealthybi
ndustrializedbnationsbandbtheblessbdevelopedbcountries.
Thebtermb“North-
SouthbDialogue”bgainedbprominencebfollowingbthebadoptionbofbthebUnitedbNationsbConferencebo
nbTradebandbDevelopmentb(UNCTAD)bresolutionsbinbthebearlyb1970s,bwhichbhighlightedbthebneedb
forbgreaterbcooperationbandbpartnershipbbetweenbdevelopedbandbdevelopingbcountries.
Thebtermb'North'bisbgenerallybusedbforbworld'sbrich,bindustrialized,bnon-
Communistbstates,blikebthebUnitedbStates,bCanada,bJapan,bAustralia,bNewbZealandbandbcountriesb
ofbWesternbEurope.bMostbofbthesebcountriesbhavebabverybhighbperbcapitabincomebandbarebmembe
rsbofbanbinternationalborganization,bviz.,bOrganisationbforbEconomicbCo-
operationbandbDevelopmentb(OECD).bOnbthebotherbhandbthebtermb'South'bconnotesbthebdevelopi
ngbcountriesbofbthebThirdbWorld.bWithbthebexceptionbofbsomebcountries,bthebaveragebperbcapitabin
comebofbthebpeoplebresidingbinbthesebstatesbisbquiteblow.bThisbdistinctionbbetweenbthebdevelopedb
andbunderbdevelopedbcountriesbmadebitsbappearancebsoonbafterbWorldbWarbII.bHowever,bthebcon
ceptbwasbgivenbconcretebshapebbybPresidentbTrumanbofbthebU.S.A.binbthebcoursebofbhisbaddressbtob
thebU.S.bandbunderdevelopedbcountriesbcamebtobbebuniversallybrecognisedbinbcoursebofbtime.bHo
wever,bthebunderdevelopedbcountriesbwerebalsobdescribedbasb'lessbdevelopedbcountries',b'develo
pingbcountries',btheb'ThirdbWorldbcountries',betc.
,ThebNorth-
SouthbDialogue,bdespitebitsbnoblebintentions,bencounteredbseveralbobstaclesbthatbhinderedbitsbeff
ectivenessbandbultimatelybledbtobitsbfailurebandbanbincompletebagenda.bBelowbarebthebkeybfactorsb
thatbcontributedbtobthisboutcome:
•ConflictingbPrototypesb:bDevelopedbnationsb(thebNorth)bchampionedbfreebmarketsbandbminimalb
governmentbinterventionbasbthebpathbtobprosperity.bDevelopingbnationsb(thebSouth),bonbthebothe
rbhand,boftenbadvocatedbforbprotectionistbmeasuresbandbabmorebinterventionistbapproachbtobnurt
urebtheirbnascentbindustriesbandbcounterbthebdominancebofbestablishedbNorthernbeconomies.bThi
sbfundamentalbdifferencebinbeconomicbphilosophiesbmadebitbdifficultbtobfindbcommonbgroundbonbi
ssuesblikebtradebliberalizationbandbinvestmentbpolicies.
•FocusbonbShort-
TermbGains:bBothbsides,batbtimes,bprioritizedbimmediatebeconomicbbenefitsboverblong-
termbsolutions.bDevelopedbnationsbmightbhavebbeenbhesitantbtobinvestbinblong-
termbdevelopmentbprojectsbinbthebSouth,bfocusingbinsteadbonbsecuringbrawbmaterialsborbaccessbto
bmarkets.bDevelopingbnations,binbturn,bmightbhavebsoughtbimmediatebconcessionsbonbdebtbreliefb
orbtradebagreementsbwithoutbabclearblong-termbdevelopmentbstrategybinbplace.bThisbshort-
sightednessbhamperedbeffortsbtobbuildbabsustainablebandbequitablebeconomicbrelationship.
•ColdbWarbInterference:bThebideologicalbstrugglebbetweenbthebUSbandbthebUSSRboftenbovershad
owedbeconomicbdiscussions.bDevelopingbcountriesbbecamebpawnsbinbthebColdbWarbpowerbgame.b
ThebNorthbcouldbofferbaidbwithbstringsbattached,binfluencingbpoliticalbsystemsbinbthebSouthbratherb
thanbfocusingbpurelybonbdevelopmentbgoals.bThisbpoliticizationbofbaidbhinderedbgenuinebcooperat
ionbonbeconomicbissues.
•LackbofbUnitybinbthebSouth:bWhilebsharingbbroadbconcernsbaboutbeconomicbdisparity,bdevelopin
gbnationsbweren'tbabmonolithicbbloc.bRegionalbrivalries,binternalbpoliticalbconflicts,bandbvaryingblev
elsbofbeconomicbdevelopmentbcouldbhinderbabunifiedbnegotiatingbfront.bThisblackbofbcohesionbmad
ebitbdifficultbforbthebSouthbtobpresentbabstrongbandbconsistentbsetbofbdemandsbtobthebNorth.
•EnforcingbAgreements:bEvenbwhenbagreementsbwerebreached,benforcingbthembprovedbdifficult.
bThebNorth-
SouthbDialogueblackedbstrongbinstitutionsbwithbthebpowerbtobholdbdevelopedbnationsbaccountabl
ebforbpromisedbaidborbtradebreforms.bThisblackbofbenforcementbmechanismsbmeantbthatbprogressb
couldbbebslowbandbuneven,bfrustratingbthebSouth'sbhopebforbrealbchange.
•BureaucracybandbCorruption:bCorruptionbwithinbdevelopingbnationsbcouldbsometimesbhinderbth
ebeffectivenessbofbaidbprograms,bleadingbtobfrustrationbonbbothbsides.bDevelopedbnationsbmightbb
ecomebhesitantbtobprovidebfurtherbassistancebifbtheybfeltbfundsbwerebbeingbmismanaged,bwhilebd
evelopingbnationsbmightbstrugglebtobattractbinvestmentbduebtobabperceivedblackbofbtransparency.
,•ShiftingbDynamics:bThebglobalbeconomicblandscapebchangedbduringbthebDialogue.bNewlybemerg
ingbeconomiesblikebChinabcomplicatedbthebcategorizationbofb"North"bandb"South."bWhatbworkedbf
orbsomebdevelopingbnationsbmightbnotbbebapplicablebtobothers,bmakingbitbharderbtobnegotiatebsol
utionsbthatbaddressedbthebdiversebneedsbofbthebSouth.
•FocusbonbMacroeconomics:bWhilebthebDialoguebaddressedbbroadbeconomicbissuesblikebtradeban
dbaid,bitboftenbneglectedbthebhumanbaspectbofbdevelopment.bIssuesblikebpovertyballeviation,bhealt
hcare,bandbeducationbreceivedblessbfocus.bThisbmeantbthatbimprovementsbinbnationalbeconomicbi
ndicatorsbmightbnotbnecessarilybtranslatebtobbetterblivingbstandardsbforbthebpoorestbsegmentsbofb
societybinbthebSouth.
•LackbofbSustainability:bThebdiscussionsbdidn'tbcomprehensivelybaddressbthebneedbforbenvironme
ntallybsustainablebdevelopmentbpracticesbwithinbthebSouth.bTheblong-
termbeconomicbviabilitybandbwell-
beingbofbdevelopingbnationsbwerebintricatelyblinkedbtobenvironmentalbsustainability,bwhichbwasn'
tbfullybintegratedbintobthebDialogue'sbagenda.
2)WhatbarebthebdevelopmentsbinbSouth-
SouthbCooperation?bHowbwouldbyoubassessbthebprioritiesbofbthebGlobalbSouth?
DevelopmentsbinbSouth-SouthbCooperationb(SSC):
1.bIncreasedbEngagement:bSSCbhasbwitnessedbsignificantbgrowthbandbdiversificationbinbrecentbyea
rs,bwithbdevelopingbcountriesbincreasinglybrecognizingbthebpotentialbbenefitsbofbcollaboration.bThi
sbincludesbinitiativesbacrossbvariousbsectorsbsuchbasbtrade,binvestment,btechnologybtransfer,bcapa
citybbuilding,bandbknowledgebsharing.
2.bDiversebPartnerships:bSSCbinvolvesbabwidebarraybofbpartnershipsbbetweenbcountriesbinbthebGlob
albSouth,brangingbfrombbilateralbagreementsbtobregionalbandbmultilateralbinitiatives.bThesebpartne
rshipsbfosterbmutualbunderstanding,bsolidarity,bandbcollectivebactionbtobaddressbcommonbchallen
ges.
3.bEmergencebofbNewbActors:bTraditionalbdonorsbarebnoblongerbthebsolebdriversbofbdevelopmentbc
ooperation.bCountriesblikebChina,bIndia,bBrazil,bandbSouthbAfricabhavebemergedbasbprominentbact
orsbinbSSC,bofferingbfinancialbresources,btechnicalbexpertise,bandbdevelopmentbassistancebtobfello
wbdevelopingbnations.
4.bFocusbonbDevelopmentbPriorities:bSSCbinitiativesbprioritizebthebspecificbneedsbandbprioritiesbofb
participatingbcountries,bwithbabfocusbonbpovertyballeviation,binfrastructurebdevelopment,bhealthc
, are,beducation,bfoodbsecurity,bandbsustainableblivelihoods.bThisbapproachbensuresbthatbinterventi
onsbarebcontextuallybrelevantbandbresponsivebtoblocalbconditions.
5.bPromotionbofbSouth-SouthbTradebandbInvestment:bTherebisbabgrowingbtrendbofbSouth-
Southbtradebandbinvestment,bwithbdevelopingbcountriesbincreasinglybtradingbgoodsbandbservicesb
amongbthemselvesbandbinvestingbinbeachbother'sbeconomies.bThisbfostersbeconomicbgrowth,bdive
rsification,bandbresilience,breducingbdependencybonbtraditionalbmarkets.
AssessmentbofbPrioritiesbofbthebGlobalbSouth:
1.bEconomicbDevelopment:bEconomicbgrowthbandbdevelopmentbremainbparamountbprioritiesbforb
countriesbinbthebGlobalbSouth.bEffortsbfocusbonbpromotingbinclusivebandbsustainablebeconomicbgr
owth,breducingbincomebdisparities,bandbenhancingbthebproductivebcapacitiesbofbeconomies.
2.bPovertybAlleviation:bAddressingbpovertybandbinequalitybisbabfundamentalbprioritybforbthebGlobal
bSouth.bPoliciesbandbprogramsbaimbtobimprovebaccessbtobbasicbservices,bsocialbprotection,bandblive
lihoodbopportunitiesbforbvulnerablebpopulations,btherebybenhancingbhumanbdevelopmentboutco
mes.
3.bSustainablebDevelopment:bAchievingbsustainablebdevelopmentbisbincreasinglybemphasizedbbybt
hebGlobalbSouth,bwithbabfocusbonbbalancingbeconomicbgrowthbwithbenvironmentalbprotectionband
bsocialbequity.bThisbincludesbeffortsbtobpromotebrenewablebenergy,bsustainablebagriculture,bbiodiv
ersitybconservation,bandbclimatebresilience.
4.bInfrastructurebDevelopment:bEnhancingbinfrastructurebisbcriticalbforbsupportingbeconomicbgro
wthbandbimprovingblivingbstandardsbinbthebGlobalbSouth.bInvestmentsbinbinfrastructure,bincludingb
transportation,benergy,bwater,bandbsanitation,baimbtobenhancebconnectivity,bpromotebregionalbin
tegration,bandbfacilitatebtradebandbinvestment.
5.bRegionalbIntegration:bManybcountriesbinbthebGlobalbSouthbprioritizebregionalbintegrationbasbabm
eansbtobfosterbeconomicbcooperation,benhancebpoliticalbstability,bandbaddressbcommonbchalleng
es.bRegionalborganizationsbandbagreementsbplaybabcrucialbrolebinbpromotingbtradebfacilitation,binfr
astructurebdevelopment,bandbcross-borderbcollaboration.
Inbconclusion,bdevelopmentsbinbSSCbreflectbabgrowingbrecognitionbofbthebimportancebofbSouth-
Southbcollaborationbinbaddressingbsharedbdevelopmentbchallenges.bThebprioritiesbofbthebGlobalbS
outhbunderscorebabcommitmentbtobinclusivebandbsustainablebdevelopment,bdrivenbbybeffortsbtobp
romotebeconomicbgrowth,breducebpoverty,bprotectbthebenvironment,bandbstrengthenbregionalbco
operation.