Global financial regulation in the “New International Economic Order”. The unfulfilled promise of equitable economic governance

Author:Habtamu Simachew Belay
Position::University of Torino, Torino, Italy
Pages:13-30
SUMMARY

Purpose In 1974, the UN General Assembly adopted a landmark resolution proclaiming the establishment of a New International Economic Order. One of the basic aims of this declaration was to enhance the voice and participation of developing countries in the international economic decision-making process based on norms of equitable governance. More than four decades have passed since its adoption. This paper aims to reflect on the past 43 years of the global financial regulatory system in... (see full summary)


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