Tag: Global South bargaining power

Assess how the rise of OPEC and the politics of oil shocks strengthened the bargaining power of developing countries in pressing for the NIEO agenda. Debate whether the NIEO project of the 1970s was an achievable economic reform agenda or a utopian vision constrained by the structural dominance of the Global North.

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Oil, Power, and the New International Economic Order: Rethinking the Global South’s Bargaining Moment of the 1970s IntroductionThe 1970s marked a watershed in the evolution of the global political economy, with the rise of the Organization of the Petroleum Exporting Countries (OPEC) and the ensuing oil shocks profoundly altering the distribution of bargaining power between … Continue reading Assess how the rise of OPEC and the politics of oil shocks strengthened the bargaining power of developing countries in pressing for the NIEO agenda. Debate whether the NIEO project of the 1970s was an achievable economic reform agenda or a utopian vision constrained by the structural dominance of the Global North.