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The UN and Global Political Economy : Trade, Finance, and Development - John Toye

The UN and Global Political Economy

Trade, Finance, and Development

Paperback Published: 9th July 2004
ISBN: 9780253216861
Number Of Pages: 393

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Against the backdrop of a 20-year revolt against free trade orthodoxy by economists inside the UN and their impact on policy discussions since the 1960s, the authors show how the UN both nurtured and inhibited creative and novel intellectual contributions to the trade and development debate. Presenting a stirring account of the main UN actors in this debate, The UN and Global Political Economy focuses on the accomplishments and struggles of UN economists and the role played by such UN agencies as the Department of Economic (and Social) Affairs, the United Nations Commission on Trade and Development, and the Economic Commission for Latin America (and the Caribbean). It also looks closely at the effects of the Latin American debt crisis of the 1980s, the growing strength of the World Trade Organization (WTO) in the 1990s, and the lessons to be drawn from these and other recent developments.

John Toye (British political economist) and Richard Toye (history, Cambridge Univ., UK), a father-son team, examine, as part of the United Nations Intellectual History Project, contributions to development economics by the UN and its specialized agencies. They acknowledge that, despite high aspirations by some for the UN to be the principal international organization to promote economic development, its status in the field of finance, development, and trade became ancillary to that of the International Monetary Fund, the World Bank, and the World Trade Organization, which operate independently within the UN framework. The authors explain why the UN became marginal (inter alia, the Cold War, excessive demands by Third World countries, the Latin American debt crisis, and financial resources of the IMF and World Bank). The research output of a number of prominent economists in the UN's employ, however, left a lasting legacy to the trade and development debate. The substance of the research produced by these economists (e.g., Michal Kalecki, Nicholas Kaldor) during their UN service, and the historical, political, and bureaucratic setting in which the research was performed, is clearly and informatively summarized. Of special interest to students of economic development and trade policy and policy makers in these areas. Summing Up: Recommended. Public, academic, and professional library collections.--C. J. Siegman "formerly, Federal Reserve Board/International Monetary Fund, 2004dec CHOICE "

Forewordp. vii
Acknowledgmentsp. xi
List of Abbreviationsp. xiii
Introductionp. 1
The UN Trade and Development Debates of the 1940sp. 17
The UN Recruits Economistsp. 45
Michal Kalecki, the World Economic Report, and McCarthyismp. 63
From Full Employment to Economic Developmentp. 87
The Early Terms-of-Trade Controversyp. 110
ECLA, Industralization, and Inflationp. 137
Competitive Coexistence and the Politics of Modernizationp. 163
The Birth of UNCTADp. 184
UNCTAD under Raul Prebisch: Success or Failure?p. 206
World Monetary Problems and the Challenge of Commoditiesp. 230
The Conservative Counterrevolution of the 1980sp. 254
What Lessons for the Future?p. 276
List of Archival Sourcesp. 299
Notesp. 301
Indexp. 373
About the Authorsp. 391
About the UN Intellectual History Projectp. 393
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780253216861
ISBN-10: 0253216869
Series: United Nations Intellectual History Project
Audience: General
Format: Paperback
Language: English
Number Of Pages: 393
Published: 9th July 2004
Publisher: Indiana University Press
Country of Publication: US
Dimensions (cm): 22.86 x 15.88  x 2.54
Weight (kg): 0.59