Why We Need a World Development Organisation

Since the early 1980s, a philosophical approach to economics and development, one that is broadly in alignment with the neoliberal mantra of liberalisation, privatisation and the "free market" has become hegemonic. Despite the evident intellectual bankruptcy of relying on "the market&...

Full description

Bibliographic Details
Main Author: Ian Taylor
Format: Article
Language:English
Published: Department of International and Strategic Studies, University of Malaya, Malaysia' 2015-12-01
Series:Malaysian Journal of International Relations
Subjects:
Online Access:https://mjir.um.edu.my/article/view/3066
_version_ 1818610759883554816
author Ian Taylor
author_facet Ian Taylor
author_sort Ian Taylor
collection DOAJ
description Since the early 1980s, a philosophical approach to economics and development, one that is broadly in alignment with the neoliberal mantra of liberalisation, privatisation and the "free market" has become hegemonic. Despite the evident intellectual bankruptcy of relying on "the market" for development and even after the post-2008 crisis, which exposed neoliberalism’s failures, we have not witnessed any fundamental changes in most international institutions approaches to the most pressing issue of our time: sustainable development. This article seeks to demonstrate that a new organisation specifically aimed at promoting global development and free of the reformist discourses that pervade existing bodies (such as UNCTAD) is needed. Otherwise, debates will continue to be restricted to problem-solving issues, nothing will fundamentally change and global inequality (itself brought about by imperialism and neo-colonialism) will continue to characterise the global political economy.
first_indexed 2024-12-16T15:19:33Z
format Article
id doaj.art-435f6b99e8b643d5bf1ea58c9cb6b97b
institution Directory Open Access Journal
issn 2289-5043
2600-8181
language English
last_indexed 2024-12-16T15:19:33Z
publishDate 2015-12-01
publisher Department of International and Strategic Studies, University of Malaya, Malaysia'
record_format Article
series Malaysian Journal of International Relations
spelling doaj.art-435f6b99e8b643d5bf1ea58c9cb6b97b2022-12-21T22:26:41ZengDepartment of International and Strategic Studies, University of Malaya, Malaysia'Malaysian Journal of International Relations2289-50432600-81812015-12-0131122https://doi.org/10.22452/mjir.vol3no1.1Why We Need a World Development OrganisationIan Taylor0School of International Relations, University of St Andrews, UKSince the early 1980s, a philosophical approach to economics and development, one that is broadly in alignment with the neoliberal mantra of liberalisation, privatisation and the "free market" has become hegemonic. Despite the evident intellectual bankruptcy of relying on "the market" for development and even after the post-2008 crisis, which exposed neoliberalism’s failures, we have not witnessed any fundamental changes in most international institutions approaches to the most pressing issue of our time: sustainable development. This article seeks to demonstrate that a new organisation specifically aimed at promoting global development and free of the reformist discourses that pervade existing bodies (such as UNCTAD) is needed. Otherwise, debates will continue to be restricted to problem-solving issues, nothing will fundamentally change and global inequality (itself brought about by imperialism and neo-colonialism) will continue to characterise the global political economy.https://mjir.um.edu.my/article/view/3066developmentglobalisationneoliberalismgramsci
spellingShingle Ian Taylor
Why We Need a World Development Organisation
Malaysian Journal of International Relations
development
globalisation
neoliberalism
gramsci
title Why We Need a World Development Organisation
title_full Why We Need a World Development Organisation
title_fullStr Why We Need a World Development Organisation
title_full_unstemmed Why We Need a World Development Organisation
title_short Why We Need a World Development Organisation
title_sort why we need a world development organisation
topic development
globalisation
neoliberalism
gramsci
url https://mjir.um.edu.my/article/view/3066
work_keys_str_mv AT iantaylor whyweneedaworlddevelopmentorganisation