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Navigating the Path: From Bandung to BRICS – A Historical and Strategic Journey

The Bandung Conference: A ​Mythical Moment ​of Global South Unity

The⁤ Bandung Conference, held in April 1955, stands as a monumental event⁣ in the history of the Global South. This gathering of Asian and African nations ​has since acquired⁤ a mythical status,⁤ symbolizing post-colonial ‍unity and the‍ aspirations of newly self-reliant states. While some accounts highlight its limitations, such as the underrepresentation of⁣ Sub-Saharan Africa and Latin America, and the intrusion of Cold⁤ War rivalries,‍ the “Bandung Moment” continues to inspire ⁤political ⁤actors seeking ⁢to replicate its spirit​ of solidarity.

The conference‌ proceedings may not have been perfect, but the pervasive spirit of post-colonial unity ‍among the rising‍ peoples of ⁣the‌ Global South⁤ defined the Conference.‌ This spirit of ‌Bandung has​ been a constant spur to⁤ manny political actors to reproduce it in‌ its‌ imagined pristine form, leading to dissatisfaction with successive⁢ manifestations of Third ⁣World​ solidarity.

the Rise of ​Asian Solidarity: A Precursor to Bandung

the Bandung Conference was not an isolated event. It ​was the culmination of a growing sense of regional solidarity that accompanied anti-colonial nationalist movements in the late​ 19th and early 20th⁤ centuries. The martyrdom of Jose Rizal ⁣in December 1896, executed by the Spaniards, ​served as a potent symbol of Asian ⁤resistance. According⁣ to‌ Indian scholar Sugata Bose, Rizal’s death “posthumously elevated‍ him to a‌ pioneering⁤ figure in Asian ⁢resistance.”

The early 20th century witnessed the⁢ rise⁢ of​ national revolutionary movements ‌across Asia, inspired by the overthrow of the ​Manchu dynasty ⁤and Sun Yat Sen’s establishment of‌ the Republic of China. A cosmopolitan network of Asian revolutionaries emerged in coastal cities from Tokyo ‍to Shanghai to Canton to Manila to Calcutta. The Bolshevik Revolution in 1917 and the establishment of the Communist International in ⁤1919 further fueled these movements, with figures like Ho Chi Minh and​ Tan Malaka working to transcend⁣ colonial ‍borders.

Japan’s Complex Role in Shaping Pan-Asian Consciousness

Japan played a significant,⁣ albeit complex, role in the‍ development of​ Asian national and regional identity before World War II. Following‌ its victory over Czarist Russia in 1905, Japan⁣ became ‌a beacon of‍ modernization and resistance to Western dominance. As noted, “all‍ paths seemed to lead to Japan.” It offered⁢ a model of how a nation could reform itself and effectively challenge​ Western powers. Consequently,young people from across Asia flocked to Tokyo,where “Asian intellectuals frist came⁣ to know each other ‍and to​ speak to each⁢ other.”

However, Japan’s⁢ ambitions were ⁤Janus-faced. While it challenged Western⁤ supremacy, it also ‍sought to become⁣ an imperial​ power itself, annexing ‍Korea and⁣ manchuria and launching a war ⁢against China in 1937.The Japanese elite‌ envisioned a “Great East Asian Co-Prosperity ⁣Sphere,” aiming to lead ⁣Asia⁣ out of ‍colonial bondage.Yet, ​their brutality in occupied territories, particularly in China, Korea, and the Philippines, contradicted this vision. Bose observes that “Asian anti-imperialists experienced both high-minded idealism and high-handed arrogance of​ middle-tier Japanese military officers in Southeast Asia.”

Japan’s conflicting attitudes were ‌evident in the Assembly ⁢of the Greater East Asiatic⁢ Nations on November 5-6, 1943. Facing a turning tide in ⁣the war, Japan sought to ⁢enlist the support of ​Asian nationalists. Ba⁢ Maw,who attended the Assembly,later recalled:

the‌ first visual manifestation of⁣ the new⁢ spirit stirring in Asia,the spirit of Bandung ⁤as it was called twelve years later when it was reincarnated at the⁤ Bandung Conference of the Afro-Asian nations. That spirit had ⁢its first birth at⁣ the Tokyo Assembly in 1943. Even ‍the Assembly’s joint declaration consisting of the five⁤ basic principles of a new order ⁣in Asia foreshadowed the Pancha⁢ Sila or Five Principles, of the Bandung Nations.
Ba Maw

Despite their ultimate defeat, the ⁢Japanese shattered the image of⁤ Western invincibility in ⁣the ‌early​ months of ​the ⁢war, ⁢as British, American, and Dutch forces‌ quickly fell to the Japanese military. ⁤The collapse of the British empire in Asia‌ during those months, writes one of the‌ foremost historians of​ the Pacific War, “did‌ lasting ⁢damage ‍to ‍Britain’s reputation as ⁤a‌ great power…It was a ‌dignity⁢ never to be‌ recovered.” This demonstrated that the Western powers could no longer reimpose⁤ the old colonial order. As Aung San perceptively⁤ noted, “Colonialism’s difficulty is freedom’s prospect.”

Building Towards Bandung: Preceding Conferences

Three major conferences celebrating Asian unity preceded ​Bandung,fostering⁤ the regional solidarity that would culminate in the 1955 event. The first was the Asian Relations Conference, promoted by Jawaharlal Nehru‌ in March 1947. sarojini ​Naidu delivered a memorable speech,‌ surpassing Nehru’s eloquence. According⁣ to Bose,

In her grand perspective, “mountains and riverways” could not ‍divide‍ the “heat of Asia.” Nor had a ⁢“lack ​of vocabulary, a lack of dictionary knowledge of words, ever prevented the true⁢ understanding between hearts.” ‍She made a compelling case for “the great diversity of Asian ‌culture’ having ‘cemented the unity of the Asian people.”
Bose

The Asia pacific ​Peace Conference in​ Beijing‍ from October 2‌ to 10, ⁤1952, ⁢drew ⁤nearly 470 delegates, many from Southeast Asia, ‌with women outnumbering male diplomats⁣ and politicians. The conference featured strong condemnations of ‌the ⁤United Nations’ role in the Korean War, its tolerance of colonialism in‌ Southeast Asia, and its non-recognition of the People’s Republic of China.

A notable moment was ​the ‍handling ‌of⁤ the Kashmir issue. Instead of allowing ‌it to divide them, the Indian and ​Pakistani⁢ delegations staged “an emotional and sensational‍ scene of‌ Indian-Pakistan rapprochement,” where gifts were exchanged and a ⁢joint declaration was read, blaming “Anglo-American machinations and the ineptitude ‍of the UN” ⁤for the Kashmir crisis.

The First Asian Socialist Conference, held in Rangoon from January⁢ 6 to 15, served as “a ‍transnational hub for like-minded socialists from Indonesia, India,⁢ Burma, ⁣and‍ Japan to engage in the work of socialist internationalism with an⁤ asian inflection.” Ram Manohar lohia,‍ a key‌ organizer,⁢ urged ‌Asian socialists to steer clear of⁣ both major power blocs,⁢ advocating for “positive policies of freedom, social reconstruction,⁣ progress, and the pursuit of happiness.”

Asian‌ unity and solidarity transcended post-colonial state boundaries and the ⁢Cold War divide. Bandung‌ was not the beginning but a high point ‍of a process⁤ that began late in the 19th century and continued afterward.

The Bandung Conference: Key Moments

The Bandung conference reached its climax with President Sukarno’s ⁢opening speech. His charisma resonated even through the printed text:

It is a ⁣new departure⁢ in the history of the ⁤world that leaders of Asian ⁤and African peoples⁢ can meet⁢ together ⁤in their own countries to discuss and purposeful ⁣upon​ matters of common concern. Only a few decades​ ago it was⁢ frequently necessary to travel to other countries​ and ⁢even other continents before the‍ spokesmen of our peoples⁢ could ‍confer.

Sukarno recalled ⁣the Conference of ⁣the “League Against‍ Imperialism and Colonialism” ⁢in Brussels almost thirty years prior, where many delegates present at Bandung had met. He emphasized the‍ contrast between ⁢that⁤ meeting, held ‌”thousands of miles away,​ amidst⁤ foreign people, in a ‍foreign⁣ country,” and the present gathering of free,​ sovereign, and​ independent nations.

Sukarno also highlighted India’s solidarity ‍with Indonesia ⁤during its struggle for⁢ independence:

As I survey this‌ hall, my thoughts go ​back to another‌ Conference of ⁢Asian peoples.In the beginning⁤ of⁣ 1949 –historically speaking ​only a moment ago–my country was for the second ‍time ⁤as our Proclamation​ of​ Independence engaged in a life and death ‌struggle… It was at that sad but glorious​ moment in our national history that​ our good neighbor India​ convened⁢ a Conference of⁢ asian and African Nations ‍in new Delhi, to protest against the injustice committed against Indonesia and to give support to our struggle.

With this gesture of gratitude, Sukarno effectively⁣ made Jawaharlal Nehru ⁢the co-chair⁤ of the meeting.

Sukarno also ⁤drew a⁣ parallel between the Bandung Conference and ‌the American Revolution, noting that ⁣it​ was taking⁢ place on‌ the 180th anniversary ‍of paul Revere’s ride. This was a strategic move to reassure the United States that the meeting ‍was not a threat to⁢ its interests, especially given the presence ⁤of Chinese Prime Minister Zhou ⁤Enlai.

Zhou Enlai, ​in fact, became a central figure ⁢at the conference. ⁣Rather of⁣ the fire-breathing Communist expected by many, Zhou presented himself ⁤as ‍reasonable and affable. A.Doak Barnet,an american scholar,observed:

Chou’s performance at Bandung was extremely⁣ skillful. During the​ early ‍days of the conference,‌ he played a patient, conciliatory, and one might say ​even defensive⁢ role. When⁣ attacks were made against the Communists, he kept his ⁤temper. He refrained from ⁤any of the propaganda ​blasts wich typify Chinese Communist pronouncements from Peking… ⁣then, on the‌ last three⁢ days, he emerged​ as the main performer, and in⁢ a series of fairly dramatic diplomatic moves he assumed the role of the reasonable ‌man ‌of peace, the⁢ conciliator who ⁣was willing to ‍make promises and concessions in⁤ the​ name of ‍harmony and​ good will.

Barnet concluded that Zhou’s influence ⁢on the delegates could⁤ have “subtle long-range effects.”

Conclusion: The Enduring Legacy of‌ Bandung

The ​Bandung Conference of 1955 remains a powerful symbol‍ of unity, solidarity, and the ​aspirations of the Global south.Despite its imperfections and the‍ challenges that followed, the “Bandung Moment” continues to inspire movements for‍ a more just and equitable world order. The conference not only marked a pivotal moment in history but also laid the groundwork for future collaborations and dialogues among nations striving for ‍self-determination and mutual​ respect.

bandung ‍Conference: ‍A Turning Point ‌for Afro-Asian ⁤Solidarity and the Non-Aligned Movement

The 1955 Asian-African Conference, held in Bandung, Indonesia, stands as‌ a‍ monumental event in the ​history of decolonization ​and the rise of the Non-Aligned Movement. From April 18 to April 24,⁢ representatives from 29 newly⁤ independent​ nations across Asia and⁣ Africa gathered to forge a path independent of the influence of the ​major⁤ Cold War powers. The conference aimed ⁣to promote ‌Afro-Asian ⁤economic and cultural cooperation and to oppose colonialism and⁣ neocolonialism. Key figures like Jawaharlal‍ Nehru of India and Zhou Enlai ​of China⁢ played pivotal roles, though their approaches ​and influence differed significantly.

the⁤ genesis of Bandung

The​ Bandung Conference emerged from a desire‌ among newly independent nations to assert their‍ sovereignty and chart their ‍own course ‌in international affairs. The five “Colombo ​Powers” – ⁤Burma,India,Indonesia,Pakistan,and Sri‍ Lanka ⁢– ⁤convened the conference,driven by a shared vision of Afro-Asian solidarity. These nations sought to create a platform for cooperation and ‌mutual support, free from ⁤the dictates of the United States⁣ and the Soviet⁢ Union.‌ The conference was not without its challenges, including navigating the⁣ diverse political ideologies and national interests of the participating countries.

Nehru’s Leadership and Challenges

Jawaharlal Nehru, ⁣the​ Prime Minister of India, arrived at the bandung Conference with the ambition of establishing himself as ‍a leader of the emerging‍ Afro-asian bloc. However, ​his‌ efforts to⁣ assert dominance were met with⁣ resistance. According ‍to a first-hand report,Nehru’s ​”obvious effort to assert leadership,his intemperate ⁢and tactless criticism​ of those who ⁣opposed him,and his transparent pique when things did not go‌ his⁤ way ⁣antagonized many delegates at the conference‌ and irritated most,including some of his friends.” This assessment ⁢suggests‌ that ⁢Nehru’s personal diplomacy skills may have hindered his broader ​goals for the⁢ conference.

Despite‌ these challenges, Nehru played a crucial role in shaping‌ the conference’s final declaration, which laid the groundwork for neutralism and non-alignment.

The Ten Principles of Bandung

The Bandung Conference culminated in a ‍declaration outlining⁤ ten key principles, ⁤which became a‍ guiding framework⁢ for ‌the Non-Aligned Movement.⁣ These‍ principles emphasized:

  1. Respect ​for fundamental‌ human rights ‌and for the purposes and‌ the principles of the Charter‌ of ‍the ⁢United Nations.
  2. Respect for the sovereignty and ‌territorial integrity ⁣of all nations.
  3. Recognition of the equality of‍ all races and of‍ the equality of all nations large ⁢and small.
  4. Abstention ⁣from intervention⁢ or interference in the⁢ internal affairs⁢ of another country.
  5. Respect for the ​right of each nation⁢ to defend itself⁣ singly or collectively, in conformity with the ⁢Charter of the United​ Nations.
  6. Abstention from‌ the use of arrangements of collective defense to serve the particular ‌interests of any of the ⁣big powers, abstention by any country from exerting pressures on other countries.
  7. Refraining ⁢from acts or ⁣threats of aggression or‍ the use of ​force against the territorial integrity or political independence of any country.
  8. Settlement of all international disputes by peaceful means, such ⁣as negotiation, conciliation, arbitration or ​judicial settlement as well as other peaceful means of the parties’ own choice, in conformity with the Charter of the United Nations.
  9. Promotion of ‍mutual interests ⁢and​ cooperation.
  10. respect for justice and international obligation.

These principles underscored the commitment of the participating nations to peaceful coexistence, mutual respect, and⁢ non-interference ​in each other’s internal affairs.

Condemnation‌ of Colonialism and Support for ⁢Palestine

A significant ​outcome of⁤ the Bandung⁢ Conference‌ was ‌the strong​ condemnation of colonialism “in⁤ all its manifestations,” with⁢ specific calls for the self-determination and independence‌ of Algeria, morocco, and Tunisia from French rule.The conference also‌ voiced “unqualified support for Palestine,” urging the ⁢implementation of UN‌ resolutions and⁤ a peaceful settlement to the Palestine question, reflecting the solidarity among⁤ Afro-Asian nations on issues of ⁤self-determination⁣ and‌ justice.

Zhou Enlai’s Diplomatic Success

While Nehru faced challenges ⁣in asserting his leadership, zhou Enlai, the Premier of China, skillfully navigated the conference’s⁢ complexities. Carlos P. Romulo, a Filipino statesman close to the U.S., described Zhou as “‘affable of manner, moderate of speech’ by contrast with Nehru’s ‘pedantry.’” Zhou’s‍ diplomatic approach and his emphasis on ‌peaceful coexistence resonated with many ‍delegates, ⁢contributing to the conference’s spirit of⁤ compromise ​and unity.

Omissions and Underlying Tensions

Despite its successes,⁤ the Bandung Conference also revealed certain omissions and‌ underlying tensions. The limited portrayal⁢ of ⁢women and the absence of any mention of⁤ women’s rights in the​ final declaration was a notable oversight. Additionally, Africa was described as “very much a junior ⁢partner” in the Afro-Asia solidarity movement, with only four African countries present, predominantly from North Africa. The non-participation ⁢of regional⁤ or continental movements,‌ such as the Pan-African movement, further highlighted the limitations of⁢ the conference’s focus on nation-states.

The Legacy of Bandung: Positives

The spirit of Bandung continued to ‌resonate in the years following the​ conference. ‌The Afro-Asian Solidarity Conference in Cairo in 1957, ⁣spearheaded ⁤by⁢ Gamal Abdel‌ Nasser, further solidified the movement. Kwame nkrumah of Ghana also played a significant role, hosting the Conference of Independent African States in Accra in ‍1958. These ‌events paved the way for the establishment of the Non-Aligned Movement (NAM) in Belgrade​ in 1961, with‌ key figures like Sukarno, Nkrumah, Nehru, Nasser, ⁢and ⁤Tito serving as its founders. The Group of⁢ 77, formed during the first meeting of the United Nations Conference on trade ⁣and Development (UNCTAD) in 1964,‌ further amplified the voice of developing countries on‍ the global stage.

The ⁢Association⁣ of Southeast Asian Nations (ASEAN), established in 1967, can‍ also be‌ seen as a regional manifestation of the ‍Bandung spirit. As Amitav ⁢Acharya notes:

One might argue, with the‍ benefit of hindsight, that the real winner at Bandung⁢ was neither China nor India, ‌but⁣ the​ future ASEAN. The suspicion of both India and china,the ​big powers of Asia,generated at Bandung ⁢paved ‌the way for⁤ a regionalism of smaller nations to emerge in Asia—one that is⁤ led‍ by none of the big powers.
Amitav⁣ Acharya

The Legacy of Bandung: Negatives

Though, the aftermath of Bandung was not without its setbacks. ⁤The Sino-Indian border ⁣conflict ‌in 1962, triggered by unresolved colonial-era border disputes, strained relations⁢ between two ⁤of the conference’s key​ participants. ​The counterrevolution in Indonesia ⁣in 1965-66 also marked a significant reversal,⁢ undermining the spirit of solidarity and cooperation that Bandung had sought to foster.

Conclusion

The Bandung Conference remains a⁣ landmark event in the​ history of the 20th century. It marked a pivotal ​moment in the struggle for decolonization,the rise ‍of the Non-Aligned Movement,and the assertion of​ Afro-Asian agency⁤ in international affairs. while​ the conference ‍faced challenges and its​ legacy is not without its complexities, its ⁤impact on shaping a more equitable and multipolar world is undeniable. The principles of‍ Bandung⁢ continue to inspire efforts to promote South-South cooperation, mutual respect, and a more just global order.

From Bandung to Backlash: The Rise and Fall of the Global South’s Economic ⁣Ambitions

The ‌spirit of solidarity forged ‌at the Bandung Conference faced significant challenges in the decades that followed,​ particularly concerning⁢ economic development and international trade. The late 1960s and‍ 1970s ‌saw the⁣ rise of ⁤the New International Economic Order (NIEO), championed by‍ the Global South, aiming to ⁣restructure the global trading system.‍ however, this⁢ push ‍faced a strong backlash from the⁣ Global North, marking ‌a​ turning‌ point in international relations and ⁣the economic fortunes of developing nations. This article explores‍ the key​ events, figures, and ⁣economic theories that shaped this era, from the optimism of ‍Bandung to the realities of ⁣neoliberal counterrevolution.

The Cracks in Solidarity: Indonesia’s Shift

While the Bandung Conference aimed to foster unity, internal conflicts‌ and political shifts soon tested this solidarity. In‌ 1965,‍ Indonesia‍ experienced a ‍failed ⁣coup, which triggered‍ a genocide resulting⁣ in over a million‌ deaths. Communists‌ and alleged communists were targeted, including Indonesians of⁢ chinese descent, who were viewed with⁣ suspicion.⁢ This⁣ event dramatically altered ‌Indonesia’s relationship with China.The ⁤close ties between China and Sukarno,fostered‍ in Bandung,were replaced by an anti-Chinese,anti-communist government.

The Passing of the Bandung Generation

By 1970,‍ many ⁤of the key leaders associated with the Bandung ⁤Conference⁢ had ‌passed away or experienced a decline ​in their political‌ influence.‍ Nehru of ⁣India, Nasser of Egypt, and Sukarno ⁤of ⁤Indonesia all faced challenges in their later years. Nehru struggled with the aftermath of India’s defeat in its border war with China. Nasser’s reputation suffered following Egypt’s defeat by Israel in the 1967 war. Sukarno ​spent​ his ⁤final‍ years with limited power,effectively‍ a⁤ prisoner of⁢ General Suharto. Zhou​ Enlai of china remained, but faced political pressure from Mao⁣ Zedong’s allies, the “Gang of​ Four.”

despite the‍ loss of ‌these⁣ leaders,the spirit⁢ of the Global South continued through the Group of 77,which operated within the united Nations General ⁢Assembly ‍and​ the ⁣United Nations Conference on Trade and Development.

The Tricontinental Alliance: Latin America Joins the Fray

Latin America was⁤ not represented at the ⁢Bandung Conference, primarily an Afro-Asian event. This absence ⁣was due‍ to the ‌earlier decolonization of many Latin American nations ⁢in the 19th century and their ‍lack of involvement in world‍ War II. However, the Cuban Revolution in the 1960s⁤ sparked solidarity between Latin America,​ Africa,‍ and‌ asia. Fidel⁤ Castro and ⁣Che Guevara emphasized the shared‌ subordination of these‍ regions to the West. This led to the Cairo Conference in 1962, where Latin American, Asian, and African blocs ‍jointly addressed development challenges.

This unity was further strengthened by the development of economic theories that highlighted the structural subordination of Africa, Asia, ⁤and latin America to the global North. Raul Prebisch, an Argentine economist, ​developed a paradigm that became highly influential.

prebisch⁢ and the Unequal ⁤Terms of ⁤Trade

Prebisch observed that the terms of trade consistently ⁢favored industrialized countries over those exporting agricultural products and minerals. He termed the ⁣developing world⁤ the “periphery” and the industrialized world the “center.”⁤ Prebisch⁢ argued that developing ​countries experienced a decline of 30 percent in their terms of trade, requiring them to export​ more agricultural products to purchase fewer manufactured goods. He believed this trend would worsen as northern producers developed substitutes⁢ for raw materials⁢ and Northern consumers spent less on agricultural products. This perspective, known ⁢as “structuralism,” viewed the developing world as‍ trapped in an‌ unequal global trading ⁤system inherited from colonialism.

Hans Singer, another ⁢UN economist, independently reached ‍similar conclusions, leading ⁣to the⁤ theory being known as the‌ Prebisch-Singer Theory.

Prebisch’s influence extended beyond theory. As Ali‍ Allawi noted, he “set to work ⁣to attract a number‌ of ‌brilliant economists ‌and policy experts who single-handedly created a development⁢ discourse ​that stood ⁣in marked ‍contrast to that from the ⁢multilateral institutions​ and⁣ Western capitals. Studies‌ poured out of CEPAL (or Economic Commission for Latin America, in english), each one adding to the⁣ growing edifice of the structuralist school.”

The appeal of Prebisch’s theory lay in​ its description of the “bloodless but inexorable exploitation” of ⁣the‍ non-industrial world by the industrialized world, irrespective of internal social and economic​ structures. This offered​ the potential for ‍a ‍united economic front among diverse regimes.

However,some economists,like Celso Furtado,Theotonio dos Santos,and Fernando henrique Cardoso,expressed concerns about​ the‌ lack ⁢of internal differentiation in Prebisch’s model,arguing that⁤ certain classes ​within developing countries⁢ benefited ‌from the unequal integration into the global​ economy.

These differing​ views led ‌to clashes within CEPAL, particularly between Prebisch and ⁢Furtado. according to Allawi, “Furtado’s historical‌ orientation and his emphasis on the unequal ​status⁢ of classes and ⁣the moulding of institutions to favour the ruling elites…had the whiff of an underlying Marxist bias. They were all ⁢anathema to Cold War ⁤Washington, irrespective of the dry, scholarly jargon‍ of ⁣CEPAL.”

Prebisch’s⁢ primary goal was to strengthen the Global‌ South’s position‌ in ‌its dealings with the Global North. This led to the establishment of the United Nations Conference on Trade ‌and Development (UNCTAD) in 1964, which became a key vehicle for restructuring the world economy.

from UNCTAD to the New International‍ Economic Order

under Prebisch’s leadership, UNCTAD focused on restructuring the global trading⁢ system rather than relying on aid. This strategy had four main components: commodity price stabilization, preferential tariffs for ⁤Third World ⁤exports, ‍support for protectionist trade policies‌ for industrialization,⁢ and accelerated technology transfer to the South. while prioritizing trade reform, UNCTAD also advocated⁢ for aid ⁤as “compensation, a⁣ rebate to the Third World for the⁣ years ​of declining ‍commodity purchasing power.”

The UNCTAD strategy formed the basis ​of the Declaration on the Establishment ‌of a New International Economic Order (NIEO), adopted by the General Assembly on May 1, ‌1974. The⁢ main points included:

  • Just and ⁣equitable relationship ⁢between the prices ​of raw materials, primary commodities, manufactured and semi-manufactured goods exported by developing countries and the prices of raw materials, ⁣primary commodities, manufactures, capital goods ⁣and equipment ⁢imported by them.
  • Extension of⁣ active assistance to developing countries ⁢by the whole international community, free of⁢ any political or ​military conditions.
  • Ensuring that one of the‍ main aims of the‍ reformed​ international monetary system shall be the promotion ‍of the development of the developing ‍countries.
  • Improving the competitiveness of natural materials facing competition from ⁣synthetic substitutes.
  • Preferential and non-reciprocal treatment for developing countries, wherever feasible, ⁢in all fields of international ⁤economic co-operation whenever possible.
  • Securing favourable conditions‍ for the transfer of financial‌ resources to developing countries.
  • Giving to the ‍developing countries access to the achievements of modern science​ and technology.
  • The need⁤ for all states‍ to put an⁣ end to the‍ waste of natural resources.
  • The strengthening, through individual and collective actions, of mutual economic, trade, financial and‌ technical cooperation among the developing countries.
  • Facilitating the role which⁤ producers’ associations may play within the framework of international⁢ cooperation.

The Group of 77 believed they had momentum ⁤in the mid-1970s,fueled by ‍the​ US’s struggles in Vietnam and the OPEC countries’ success in‍ raising oil prices.

During the fourth conference of UNCTAD ​in Nairobi in⁣ 1976, an agreement ⁢was reached on the Integrated⁤ Program⁢ of Commodities (IPC), aiming⁣ to stabilize commodity prices.It was also agreed that a Common Fund‍ would be established to regulate prices. UNCTAD also played a​ key role in the IMF’s creation​ of the Compensatory Financing⁢ Facility to assist Third‌ World countries facing foreign exchange crises.

another achievement ⁢was the acceptance of ​preferential tariffs for⁢ developing countries by industrialized nations. by the early 1980s, 26 developed countries were involved in‍ 16 separate “General System ⁣of Preferences” schemes.

However,these concessions were ⁣limited. In ⁣commodity price⁣ stabilization, rich countries adopted⁤ a⁣ strategy of frustrating concrete agreements. A decade​ after UNCTAD IV, only one⁣ new⁢ commodity stabilization agreement had been negotiated, and ‌agreements on cocoa, ‌tin, and sugar had collapsed.

Despite these‍ challenges, “Prebischnomics” appeared to have gained global⁤ acceptance. Empirical ⁤data supported the theory of‌ deteriorating terms of trade. In the 1990s, economists testing the theory using four centuries ⁣of​ trade data concluded that “the evidence they deduced for a large number of commodities showed a long-term decline in their relative price,” according ⁤to‍ Allawi.

Though, the success of Prebisch’s ideas in⁤ providing a ⁤strategy for reforming⁢ the global‍ trading system triggered a⁣ backlash from the Northern powers.

The End of the Bandung Era

The⁤ push for the NIEO occurred‌ during‌ a ⁤period of domestic⁢ dissent in ⁤the US over the Vietnam War and the‍ phenomenon of ‌”stagflation.” This⁤ created an surroundings where the ‌NIEO and the United Nations became targets of criticism.

Conservative think tanks, such as ⁤The Heritage foundation,⁤ accused​ the Global South of undermining the Global North. The Heritage Foundation stated:

At the Algiers⁢ non-aligned summit of‌ 1973, the Group ⁢of 77 urged political unity ⁢to gain economic power. The ⁢participants demanded extensive economic concessions by Western nations. The following⁣ year they moved their campaign to the UN General Assembly, and approved the “Declaration​ on Establishment of a New ⁤International Economic Order” and the‍ “Charter of Economic rights and Duties of States.” These resolutions were ⁢the philosophical framework for a decade-long assault on the West in ​pursuit​ of a⁢ New International Economic Order.
The ‌Heritage Foundation

The Heritage⁣ Foundation further outlined ‌the‌ perceived demands of the‌ Global South:

A key ​element ⁢of NIEO’s demands is financial ⁤redistribution: international taxation, ⁤increased⁤ foreign assistance, the ‌right to expropriate private foreign assets, commodity price protection, and commercial⁣ preferences regarding shipping and⁣ trade generally. Technological redistribution, through mandatory transfer of industrial, seabed, ‌space, and pharmaceutical technology has been another ‍NIEO tenet.
The​ Heritage Foundation

The United Nations ⁢Convention on the Law of the ⁢Seas (UNCLOS)⁣ was viewed ⁤as an attempt by the Global south to⁣ control and distribute ⁣the ‍planet’s natural resources. Concerns were also raised ‌about efforts to regulate‌ private business data flows and​ restrict​ multinational ‌corporations.

The neoliberal, free-market counterrevolution gained momentum⁢ with Margaret Thatcher becoming ⁢prime minister⁣ of Britain in 1979 and Ronald ‍Reagan​ being elected US president ⁢in 1980. Reagan famously stated, ​”Government does not​ solve problems. It subsidizes them.” thatcher echoed this sentiment, saying, “Free enterprise‌ works because,​ like democracy, it gives power to‌ the⁢ people.”

The cancun Summit,held from October 22 ‌to 30,1981,was intended to ‌mark ⁢a new era of north-South relations. However,‌ it instead signaled the end of the Bandung era and the‍ beginning of​ four decades of economic‍ counterrevolution.

Conclusion

The ⁢journey from the Bandung ‍Conference to⁤ the⁤ cancun ⁢Summit reveals a complex interplay of solidarity, economic theory, and political power.⁣ The initial optimism and unity of the Global South, driven by figures​ like Raul⁣ Prebisch and institutions‍ like UNCTAD, ultimately faced a ⁣strong backlash from the Global‍ North. The rise of neoliberalism and free-market ideologies⁢ marked a significant shift in international economic relations, impacting the ⁢development⁤ strategies and economic ⁣fortunes of nations across the Global ⁣South. The legacy of this⁤ era continues to shape⁢ global ⁤debates on‌ trade, development, and international cooperation.

Debt Crisis and the Global South: How the Volcker Shock Triggered a⁤ Conservative Counterrevolution

The campaign‌ for the New ⁢international Economic Order (NIEO) faced a sudden halt in the early 1980s due to the “Volcker​ Shock.” This economic event, ​characterized by a steep rise in the federal funds ​interest rate pushed by US Federal Reserve Chairman Paul Volcker, saw rates reaching as high as⁣ 19 percent. ⁢While intended to curb inflation in the US, ⁢the Volcker Shock triggered⁣ a “third World”​ debt crisis, significantly increasing interest payments for developing nations. This⁣ crisis became an opportunity for the ​US and other governments to reverse the gains made by the‍ Global⁤ South.

The roots of the crisis‍ can be traced back to the 1970s ​when OPEC countries deposited oil profits​ in Western⁤ banks. These banks then re-lent the funds at low interest⁢ rates to developing ‌countries, leading to ‍both careless lending and borrowing practices. In Latin America, total outstanding debt surged from $29 billion at the end of 1970 to $159 billion by the end of 1978. By 1982, the debt⁣ reached $327⁣ billion. US banks were at the forefront of this lending spree; by 1982, the nine​ largest US‍ money-center banks‌ held Latin American debt ⁣amounting to ⁣176 percent of their capital, with their total‍ LDC debt ​nearing 290 percent of their capital.

The Spark of the Crisis

The crisis ignited in August 1982 when⁣ Mexican⁣ Finance Minister Jesús Silva Herzog informed‍ key financial figures that Mexico​ could no longer service its $80 billion debt. Other countries quickly followed ‍suit,‍ leading sixteen latin American countries and eleven ‌LDCs in other parts of the world‍ to reschedule their ‌debts.

Mexican finance Minister jesús⁣ Silva Herzog informed the Federal Reserve chairman, the US‌ Treasury ⁤secretary, and the international Monetary Fund (IMF) managing director that mexico would no longer be able to service its debt, ‍which at that point totaled $80 billion. Other ⁤countries quickly ⁢followed suit. Ultimately, ⁤sixteen Latin ‍American countries rescheduled ⁣their debts,⁢ as well as eleven LDCs in other parts of the world.

In response, many banks ceased new overseas ⁤lending,‍ focusing rather on collecting and restructuring existing loan portfolios.‌ This‌ abrupt halt in financing ​plunged developing ⁢countries into recession,forcing them to seek assistance from the IMF and the World Bank to service their debts and maintain functionality.

The Conservative Counterrevolution

economic​ historians ​John toye and Richard Toye characterized ⁤the‍ 1980s as a “conservative counterrevolution” ⁢with three main components: structural adjustment ​(the washington Consensus), the weakening of the United Nations system, and‍ the establishment of the World Trade Association (WTO).

conservative counterrevolution

Structural adjustment, imposed by the IMF and World Bank, involved radical privatization, deregulation, and trade liberalization. By the mid-1990s,over seventy ‍developing and post-socialist economies had submitted to ‌this approach. while ​ostensibly aimed at enabling indebted countries ⁤to repay ⁢their​ debts, the strategic objective was to⁣ dismantle state-assisted ‍capitalism. A 1988 UN Commission for Africa survey concluded that the essence of ⁣structural adjustment programs (SAPs) was the⁤ “reduction/removal of direct​ state intervention in ‌the‌ productive and redistributive sectors of the economy.” In ‌Latin america, the​ US insisted on removing⁣ the government from the economy as a⁣ condition ⁣for ​credit.

reduction/removal of direct state intervention in the productive and redistributive sectors of the ​economy.

A 1992 Inter-American Bank retrospective ‍viewed the remedy to Latin America’s economic crisis⁤ as “the withdrawal of the producer state and state-assisted capitalism, the limiting of ⁣the state’s responsibilities to its constitutional commitments, a return to the⁣ market for the supply of goods⁢ and services, and the ⁢removal of the obstacles ⁣to the emergence of an ⁤independent ​entrepreneurial class.”​ By⁤ 1992, the Global South had⁢ been transformed by structural adjustment.

Defanging the‍ UN

The assault on the ​United Nations system included dismantling the UN ‌Center on Transnational Corporations and abolishing‌ the ⁤post of Director General for‍ International Economic Cooperation and Development. The United States, funding⁢ 20 to 25 percent of the UN budget, moved to silence NIEO rhetoric in ⁢agencies like the Economic and ⁣Social Council⁣ (ECOSOC) and the United Nations⁣ Development⁣ Program (UNDP).The UNDP’s role⁢ in multilateral aid disbursement was reduced, with ⁣most⁣ aid channeled through the World Bank and regional development banks.

The focus ⁢was on weakening UNCTAD. After agreeing to the creation of the IPC during UNCTAD IV in⁢ Nairobi ⁣in 1976, the ‍north‍ refused the south’s program of debt⁢ forgiveness ​during ‌UNCTAD V in Belgrade. The counteroffensive escalated during UNCTAD VIII in Cartagena in 1992,where⁤ the North successfully opposed linking UNCTAD discussions with the Uruguay Round negotiations of GATT,eroding UNCTAD’s negotiation⁢ functions. UNCTAD’s role was ‍limited to “analysis, consensus building on some‌ trade-related issues,⁣ and technical assistance.” The ​establishment of the‌ WTO in 1994​ further rendered ⁣UNCTAD impotent, though it‍ continued to provide research questioning Northern trade policies.

The WTO: Climax of the ⁢Counterrevolution

Developing countries initially‌ lacked enthusiasm for ⁤the ⁤Uruguay Round, preferring UNCTAD.However, with‌ their economies dominated by⁣ the IMF and World⁤ Bank, ⁣and weakened by the debt crisis, ⁢they ⁤felt compelled to endorse the Marrakesh Accord‌ of 1994, establishing the WTO. They were⁤ warned that isolation ‌in global⁣ trade, like North korea, was​ the​ alternative.

Many developing ⁢countries signed onto the WTO without fully understanding the 700 pages of sub-agreements.They soon realized they ​had signed away policy space for​ development. The⁢ Agreement ⁢on Agriculture (AoA) ‌primarily⁣ aimed to open their‌ agricultural markets to subsidized commodities‌ from​ the US and EU. Their industrialization efforts were blocked by the Trade-Related Investment Measures Agreement (TRIMS) and​ the trade-Related⁣ Intellectual​ Property Rights Agreement (TRIPS).

TRIMs banned mechanisms like ​trade-balancing requirements and “local content” regulations used by countries like South Korea and malaysia. The TRIPs ‌regime, described by UNCTAD as “a premature strengthening of the intellectual property system … that favors monopolistically controlled innovation⁢ over broad-based diffusion,” hindered industrialization by imitation.

a premature strengthening of the intellectual property‍ system … that favors monopolistically controlled innovation over broad-based diffusion.

The⁤ policy space under GATT principles like “Special‌ and Differential Treatment” was reduced in the WTO due to‍ weak enforcement.

The South Fights Back: Seattle, Doha, Cancun

The‌ big powers of the North sought further trade liberalization in Seattle in 1999, but developing countries resisted. The EU also wanted to expand the WTO’s remit to include investment regimes, competition policy, government procurement rules, and trade facilitation. Some 50,000 protesters converged on Seattle, alarmed by the WTO’s intrusions ⁤into agriculture, ⁣labor rights, environmental policy, and development space.

The consensus rule at the WTO ⁤became its‍ “fatal flaw.” ⁣The synergy between ⁣developing country resistance and ⁤street protests ‍in Seattle ⁤led to the collapse of‍ the Third Ministerial Conference.⁤ This defeat had⁣ worldwide resonance, and the established media began to discuss the ⁣dark⁢ side of globalization.

In Doha, Qatar, ⁣in November 2001, developing countries faced pressure to launch ​a new round to “save” the global economy after ‍the September 11⁤ attacks.Threats of retaliation and offers of aid packages were used.The result was the “Doha‌ Development Round,” focused on ‍expanding developed-country access to developing country markets.

The experience in Doha led to ⁣the​ formation of ‍alliances like the Group of 20⁣ and the Group of 33. The​ stubborn push⁣ by the EU to bring⁣ in non-trade ⁤issues sparked the creation of the Group of 90, whose walkout triggered the collapse of⁤ the Fifth ⁤ministerial in Cancun in 2003. Effective coalition building enabled developing countries to outmaneuver ​developed countries in Cancun, with support ⁣from NGOs and social movements.

The ⁣Cancun collapse ended the US’s ‍effort to use the WTO ‍as the⁤ principal mechanism of global trade liberalization. The stalemate between the Global north⁢ and⁢ South‍ persisted. This outcome‍ resembled a strategy prescribed by Focus on⁣ the Global South ⁤in 1999: “Where structures​ are hopeless, the next best solution is to have non-functioning structures or no operative‌ structures at all.”

Where structures are hopeless, the next best solution is to have ​non-functioning structures or no operative structures at all.

Such‌ was the fate of what one WTO director ‌general called “the jewel ⁢in⁣ the crown of ⁣multilateralism.”

farmers at the ⁤Center of Resistance

Global civil society organizations (CSOs), particularly farmers’ and peasant movements,‌ played​ a vital role in the collapse of‌ the ministerials. The threat of the AoA brought⁤ these movements into the political‍ arena, pushing their ⁤governments‍ to resist the crisis of agriculture. Peasant organizations, many ⁤affiliated with La Via Campesina (LVC),‍ were active ‌in the streets of Seattle, Geneva, Cancun, ⁤and ​Hong Kong.

Conclusion

The ‌Volcker Shock and the subsequent debt crisis of‌ the 1980s marked a turning point in the relationship⁢ between the Global North and South. The conservative counterrevolution, characterized by structural adjustment, the weakening of the‍ UN, ‌and the rise of the WTO, significantly altered the economic landscape for developing nations. However,⁤ resistance ‌from the Global⁣ South, exemplified by events in ⁢Seattle, Doha, and​ Cancun, demonstrated a growing determination to ‌challenge the⁣ dominance of the⁤ North⁣ and reclaim policy space ‌for⁤ development.

Global ⁤South’s Rise: Challenging Western Dominance in Trade,Finance,and ⁣Geopolitics

the early 21st century witnessed a ‌significant shift in⁢ global power ⁢dynamics as the Global South began to challenge the long-standing ⁣dominance of the West. Key events, including the collapse ‌of the Third Ministerial in Cancun⁢ in September 2003, highlighted the growing resistance to Western-led institutions like the World⁤ Trade Organization (WTO). The suicide‌ of Korean farmer ‌Lee Kyung ‍Hae at the barricades during the Cancun summit symbolized the⁢ widespread discontent ​with‌ the WTO’s perceived threat to peasants worldwide.

The Global South⁢ pushes Back ⁢against the IMF: Argentina’s Defiance

Like the WTO,the International Monetary‍ Fund (IMF) faced increasing​ resistance,particularly from Argentina. ⁢In the early 1990s, ‌the IMF fervently supported radical financial liberalization in Argentina, including pegging ‍the peso to the dollar.⁢ this approach ultimately led ​to the⁣ unraveling of the Argentine economy. By‌ late 2001,the crisis‌ escalated rapidly,forcing Argentina to seek financial assistance from the IMF to‍ service⁣ its mounting debt. However, after initially agreeing to⁢ previous ⁤requests, the IMF ⁢refused, leading to the⁤ government’s $100 billion ⁣debt default.

The​ consequences were devastating. ‌Businesses collapsed, jobs were lost, ​capital ​fled the country, and widespread⁤ unrest ‌led to the‌ downfall of successive governments. When Nestor Kirchner won the presidency in 2003, he⁣ inherited a country in ruins.He‌ framed the situation as a choice between ​prioritizing⁣ debt repayment ‍or economic recovery. Kirchner offered⁤ to settle Argentina’s debts at⁢ a steep discount, writing off ⁤70-75 percent ⁣and repaying only 25-30 cents on the dollar.

Bondholders protested and‍ demanded that the IMF ⁤intervene. Kirchner‍ stood firm, warning that ⁤this was ​a one-time⁣ offer. He stated he would not tax ‍impoverished Argentines to pay⁤ off the debt and invited creditors to visit the country’s ‌slums ⁢to‌ “experience poverty first hand.” Faced with Kirchner’s resolve, the ​IMF remained on the sidelines, and a ⁤majority ​of ⁣bondholders reluctantly accepted ⁣his terms.

Kirchner also⁤ took a firm stance⁢ with the IMF itself. In early 2004, he declared⁣ that ⁤Argentina ‍would not​ repay ‌a $3.3 billion installment unless the IMF approved a similar amount of lending to Buenos ⁢Aires. The IMF⁤ conceded. In December 2005, Kirchner, ⁣with financial assistance from⁤ Venezuelan president Hugo ⁢chavez, fully paid off the country’s debt​ to the IMF and expelled the Fund from Argentina.

The Global South Pushes Back against the⁣ IMF: The Asian Financial Crisis

The IMF faced even ​greater challenges⁢ in the Asia-Pacific region ⁣during ⁣the Asian Financial crisis of 1997-98. The fund’s policy interventions were heavily criticized on several fronts. First, it had​ encouraged regional governments to eliminate capital controls, leading ⁤to ⁣uncontrolled capital flows. Second, the multi-billion dollar “rescue ⁤packages” ‌were seen as benefiting ‌foreign​ financial ⁢speculators​ rather than the people suffering from⁣ the crisis, encouraging “moral hazard” or irresponsible investing. Third, the IMF’s austerity measures intensified ⁣the crisis by cutting government spending,⁤ leading⁤ to a “procyclical” negative synergy and deep recession.

Within weeks, one million people in ​Thailand ‍and 22 million in⁣ Indonesia fell below the ⁣poverty line.Malaysia was the⁢ only country that contained the ​crisis‌ by refusing to⁤ follow the​ Fund’s dictates and imposing capital ⁣and ‍currency controls.

The IMF eventually ​admitted ‌that the ‌”thrust of ⁢ [the recommended] fiscal ⁢policy…turned out⁤ to be substantially different…as the original assumptions for‍ economic ‍growth, capital flows, ⁣and exchange rates…were ​proved drastically wrong.” The crisis severely damaged the IMF’s reputation.Asian governments developed an “IMF-phobia,” vowing never again ​to seek the Fund’s assistance. In 2001, Thaksin Shinawatra came ‍to power⁢ in​ Thailand promising​ to liberate​ the country ‍from the ⁣IMF. Promoting expansionary policies, Thaksin ‌oversaw Thailand’s‍ recovery. Upon repaying ​the $17.2 billion emergency loan⁤ in 2004, Thaksin declared ⁣Thailand “liberated” from the IMF, considering it one ⁣of his proudest achievements.

The ⁢crisis also intensified the debate within⁤ the ⁤U.S. elite regarding the IMF’s​ role. The U.S. right criticized⁢ the ⁢Fund for promoting “moral ⁤hazard,” while ‌liberals like Jeffrey Sachs⁢ and jagdish Bhagwati attacked it for threatening global macroeconomic stability. In ⁣late 1998, a rare⁤ conservative-liberal alliance in ‌the U.S. Congress nearly denied the IMF a⁣ $14.5 billion contribution.

The World Bank’s Crisis of Legitimacy

The‍ World Bank also faced a crisis of legitimacy. In the 1990s and 2000s, the Bank was criticized for the social consequences of its structural adjustment programs and the environmental impacts ⁤of its funding of fossil fuel ⁣projects and​ mega-dams. However, ⁤the most ⁤damaging critique ⁢came from a team of economists who ‌accused the⁤ Bank of manipulating data and producing public relations ⁤material ‍instead of serious research. ​The panel, led by nobel ‌laureate‍ Angus Deaton, stated:

bank researchers have…done extremely visible work on globalization, on ⁢aid effectiveness, and on growth and ⁢poverty. In many ​ways,they have been the leaders‍ in these issues. But the panel had​ substantial criticisms of‍ the way that the research was used ⁤to proselytize on behalf of ⁤Bank policy, often without taking a balanced ‌view, and without expressing appropriate skepticism. Internal research ⁢that is ⁤favorable to⁣ Bank positions was given great prominence, and​ unfavorable ⁣research ignored. In these cases, we believe that ther was a serious failure of checks ‌and balances that should have separated advocacy and research. The panel endorses the right of the Bank‍ to strongly defend and advocate​ its own policies. But when the Bank ‌leadership selectively appeals to relatively new and untested⁣ research‍ as hard evidence that these preferred policies work, it lends unwarranted confidence to the⁣ Bank’s prescriptions. Placing fragile selected new research⁢ results on ⁣a pedestal invites later recrimination that⁢ undermines the credibility and usefulness⁣ of all Bank research.
Angus Deaton, Nobel Laureate

Paul⁣ Collier, head of ‌the ‍Bank’s ⁢Research Development Department from 1998 to 2003, ⁢admitted that the Bank’s refusal to acknowledge the real-world refutations of⁢ its pro-globalization advocacy led to the rejection​ of⁢ its advice:

The profession ​has been unprofessional, fearful‌ that any criticism‍ would strengthen populism, so that little work has been done on the‌ downsides​ of these different processes [of globalization].Yet the downsides were apparent to ordinary⁣ citizens, and the effect of economists ‍appearing to dismiss‌ them has​ resulted in ‍widespread ⁣refusal of people to listen to “experts.” For my​ profession to re-establish ‍credibility we must ‍provide a more balanced analysis, in which the downsides are acknowledged and properly evaluated with a view to designing ​policy ​responses that address them.⁣ The profession might potentially be better served by ⁢ mea culpa than by further indignant defenses ⁣of globalization.
Paul Collier, Head ​of the World Bank’s Research Development Department (1998-2003)

Like the Asian Financial Crisis for⁢ the IMF,‌ the panel’s judgment severely damaged the World Bank’s credibility. ​The Bank continued‌ to operate, but its influence diminished, with questions raised about ⁤the value of the billions ​of dollars spent on implementing flawed ‍policies.

A Southern Actor Inflicts Defeat on the North

In⁤ addition to the challenges‌ to the WTO and IMF, ⁢the ‍U.S. faced setbacks on the⁣ political and military front. ⁣Al ⁢Qaeda’s attacks on 9/11 led to a disastrous 20-year intervention in the Middle East, culminating in a withdrawal‌ from ‍Afghanistan ‍in 2021. While Al Qaeda was not ⁢a state actor, ⁣its actions weakened the domination of the South by the North, increasing the cost of maintaining empire for​ the ⁢U.S. population. ‌As one CIA analyst noted, “Though the 9/11 attacks turned ⁤out to be a Pyrrhic victory for Al-Qaeda, Osama ‌still ‍changed the world and ⁣continued to influence global politics for nearly a decade after.”

The China⁢ Factor

The rise‌ of ⁢China significantly ‌altered the balance of ⁣power between the Global North and the Global south.After a period of ‌conflict, the U.S. and China entered an era ‍of‍ accommodation and cooperation following President Richard Nixon’s visit to Beijing. Under Deng Xiaoping, China pursued rapid development by inviting ‌foreign ‍capital while maintaining a strong‌ state ⁣capable of bargaining on⁢ equal terms with the West.

china’s strategy involved leveraging its labor force for foreign capital in ⁤exchange for⁣ advanced technology. This strategy,though costly in ‍terms of value transfer ‍(estimated ⁢at $19 trillion ⁢between 1960-2018) ⁤and⁣ environmental⁢ and social costs,enabled China to rapidly transform from‌ an outsider to a central player ​in the global capitalist system. This resulted in becoming the world’s largest⁢ economy, reducing ⁤poverty​ to two percent of ​the population, and establishing a base for technological innovation.

by the 2010s, China became ‌an alternative​ pole to ‌the West, ‍providing‍ policy space for⁢ developing countries seeking aid and loans without the stringent conditionalities of the IMF and ​World Bank.⁢ China became the ⁢”world’s largest development bank,” with‌ its agencies ⁣providing nearly a trillion dollars in financing, mainly to countries in the Global South.

China ‍also launched aspiring international projects like the Asian Infrastructure Investment ‍Bank (AIIB), New Development Bank, and the ‌Belt and Road initiative (BRI). ⁣The ‌BRI, with a​ $1 billion commitment from President Xi Jinping, aims to influence developing countries⁢ and europe through infrastructure building across regions.

Despite facing ⁤crises of growth ⁢and concerns about ​its ⁣intentions, China’s state-assisted ⁢model of‍ development ⁣has become increasingly ⁣attractive to the Global South. China‍ has achieved a change in North-South relations without ‌military conflict,using‍ the West as a means of national resurrection. China’s rise represents a significant phase in the Global South’s struggle to⁤ end Western hegemony.

BRICS: Common Concerns and Contradictions

BRICS (Brazil, russia, India, ‍China, and‌ South Africa) emerged as a formation of rapidly developing ⁣countries with an ambivalent relationship to the conventional⁢ center economies of Europe and the ‌United States. The term was coined by Goldman Sachs analyst Jim O’Neill to refer to promising emerging markets for finance capital.

BRICS ​consciousness ⁣was forged in the World ‌Trade Organization. India and Brazil emerged as key actors in⁤ a defensive strategy ‌that led ⁣to the formation of the ‍Group of 20, ​which opposed ‍unequal trade liberalization‌ and contributed to the collapse of the ‍fifth Ministerial Meeting of the ⁣WTO ‌in Cancun in September ‍2003. The group, including ‌China, played a ⁣decisive role in halting the Euro-American drive for ‍greater liberalization in⁤ developing countries and stopping the North’s effort⁣ to expand the WTO’s authority.

While the‌ BRICS countries‌ had differing agendas,they subordinated their differences to a common anti-liberalization and pro-development agenda that brought the Doha Round of negotiations to ⁢a standstill.

Conclusion

the early 21st⁢ century marked a turning point⁣ in ​global power dynamics. ⁤The Global South, through resistance against institutions ‍like the WTO and IMF, the ‌rise of⁢ alternative economic models, and geopolitical shifts, began to challenge the long-standing dominance of ​the West. ⁤While challenges and contradictions remain, these ⁢developments ⁣signal a ⁢more⁣ multipolar world order.

BRICS Expansion Signals Shifting Global Order Amidst US-China Competition

The BRICS alliance, initially composed of Brazil, Russia, India, and China, is rapidly evolving into‍ a significant force reshaping the‌ global landscape. ⁣With the addition of Egypt, Ethiopia, Iran, Indonesia, and the ‍United Arab Emirates (UAE) ‌on January 1, ⁢2025, the organization now boasts a substantial 28 percent share of the global economy, equivalent to⁣ $26.5 ⁢trillion. The BRICS summit held in Kazan, Russia, ‌from‍ October 22-24, 2024, underscored the group’s ambition to foster relations with the global South ‍and shape‍ an alternative⁤ multipolar ⁢world order, particularly in the global financial and trade system.

The expansion of BRICS⁢ comes at a⁣ time of ⁣increasing uncertainty in ⁤the US-dominated global multilateral system. As ⁣more countries queue up to join, it signals a growing realization within the Global South that the ⁣balance of power is steadily shifting ⁤away from the West.

The ‌Rise of BRICS: A Challenge to Western Dominance

The‍ BRICS nations have navigated a complex relationship with the traditional centers ​of global economic, political, and military power. while benefiting ⁣from globalization and foreign investment, they have⁤ also strategically leveraged foreign capital to develop their technological⁢ and management ⁢expertise. This has allowed them to gradually reduce ‌their ‍dependence on external ‍powers and enhance their ⁣geopolitical⁢ and geoeconomic influence.

Complementarity ‌and contradiction define the relationship between BRICS and dominant powers, most notably exemplified by China’s relationship with the United States. China has utilized American capital and the US market to fuel its emergence‌ as a major global competitor.

Competition is particularly‍ pronounced‌ at the⁣ geopolitical level.‍ During ‍the second decade of the 21st century, China shifted from ‍a⁤ policy of “peaceful rise” to‌ overtly ⁢challenging the military power of the United‌ States​ and Japan in the Western ​Pacific. Simultaneously, ‍relations between Russia and Europe and the ⁤United States⁣ deteriorated as the Putin government resisted NATO’s expansion, a key factor in the ongoing war between russia ​and Ukraine.

Institutional development and Expansion

The BRICS nations have gradually developed their institutional framework.The New Development Bank (NDB) and the Contingency ⁢Reserve Arrangement (CRA), ​established in 2015, were conceived to perform functions similar to the World Bank and ⁣the ​IMF, respectively. However, ​they initially maintained a relatively low profile.

As of the end of 2021, the cumulative lending of⁣ the NDB amounted to nearly $30 billion, a fraction of the World Bank’s lending during the same‍ period. However, several factors have contributed to the growing ​appeal of BRICS, including the resistance of the‌ US ⁢and Europe​ to reforms in the IMF‍ and World Bank, ⁣the escalating debt problems of‌ developing ‍countries, ⁣and the ‌perception ⁤of a vacuum in the North-South conflict.

With the inclusion of Egypt, Ethiopia, ​Iran, ⁤Indonesia, and the UAE on January 1, 2025, BRICS ​has significantly‌ expanded ⁢its⁣ reach ⁤and influence. The organization now represents over ⁢40 percent of the⁣ world’s population. ​Moreover, several current and prospective members possess substantial surplus funds that could potentially‌ bolster the firepower of the CRA ‍and the NDB. The ⁣UAE, for instance, has ⁢$2.3 ​trillion‍ in its sovereign wealth fund, while Saudi ⁤Arabia, which is expected to join eventually, has $1.3 trillion.

The Kazan Summit:‍ A Diplomatic Success

The ⁣BRICS summit held in⁣ Kazan, Russia, in October 2024, was widely regarded as a⁣ success. As‌ the European Parliament’s ‍Think ‌Tank noted:

Under Russia’s⁤ presidency,​ BRICS (acronym for ⁤the founding states – Brazil, Russia, India and China) held its first ⁢summit following the ​group’s expansion ⁤on⁣ 1 January 2024, from 22 ⁢to 24​ October in Kazan (Russia).⁢ With more⁣ than 30 delegations, 22 heads of state or government ‌and several ⁢representatives of ‌international organisations including United Nations (UN) Secretary-General⁤ António Guterres ‍attending, the summit was ⁢a diplomatic success for Russia: it offered President Vladimir putin the opportunity to demonstrate to the world​ that‌ Russia is not⁣ isolated.For the first time, a​ NATO member, Türkiye, attended the summit, and applied to⁢ join BRICS. The meeting in Kazan underlined ​BRICS’s ambition to ⁤foster ‌relations ⁢with the Global South, and‍ its aim of shaping ⁣an‌ alternative‌ multipolar world order, particularly in the global financial and trade system.

Trump’s Influence​ and the Global ⁤South

The current period is marked by uncertainty ‌for the‍ Global South. ‌The ‌potential return of donald Trump to power in the US raises concerns about climate change, women’s rights, ​migration, and minority ⁣rights. Though, there are also indications that Trump ⁢might ‍potentially be shifting away from liberal internationalism, focusing ‍rather on strengthening the US grip on North America and Latin America.

This could ​lead ‌to an era of geoeconomic competition,with a greater ⁤emphasis ⁤on cooperation between national capital and⁣ the state ​to limit⁢ foreign ‌penetration of domestic markets and prevent‍ the acquisition of advanced technology by rival actors.‌ Unilateral economic actions and ‌military strikes may become the preferred ⁢approach of the US‌ under Trump.

Despite ‌the ⁣complexities​ of‍ the current moment,there is a growing sense that the ​balance of power ‍is​ shifting ⁣in favor of the Global⁢ South. As economic historian Adam Tooze observed:

…{W}e’re already⁣ in a⁤ multipolar world.⁢ I think it’s anachronistic to cling to a different view. I⁣ think we exited⁣ the‍ unipolar moment in the 2010s. This doesn’t mean that ​there ‌aren’t still huge domains of US power and even‌ US predominance. The three obvious ones‍ are military ⁤power,⁢ global finance and certain areas of high tech.

Tooze further noted‌ the fragmentation of American power ⁣and the rise of new centers of competence and power, including China, Indonesia, Türkiye, the United⁣ Arab Emirates ​(UAE), and Brazil.

Moving Forward: Challenges and Opportunities

The push for parity ‍between the Global‍ South and the Global North has ⁣experienced⁤ both advances and setbacks. ⁣While most of⁢ the world has been ‌freed from direct colonial control, the legacy of settler-colonialism persists⁢ in various regions. the ​ongoing conflict in ⁢Israel and Palestine serves as a stark reminder of the unfinished anti-colonial mission.

Despite these challenges, the​ global South has⁤ made significant strides. ​The North-South divide has become more porous, and the US‌ and Europe⁣ are increasingly ⁢diverging. As the world moves towards a multipolar order, BRICS is poised to⁢ play a central role.

However, BRICS faces several challenges. It must avoid ‍replicating the ⁢monopolistic hegemony‌ of⁤ the Bretton Woods model​ and ​ensure‍ that its most powerful members‍ do not fall into a ​similar great power relationship with less ‌advantaged nations. Additionally, BRICS must find ways⁤ to⁤ include peoples’‍ organizations, social movements, unions, and‌ other civil society formations in its decision-making processes.

Ultimately,the best⁣ way to advance the spirit of Bandung is to ​go beyond ‍its limitations and ensure that ‍the voices of‌ women,peasants,indigenous people,and the planet are heard and their interests are placed at the forefront⁤ of⁤ the agenda for change.

Bandung Conference: A Turning point for⁣ the⁣ Global South and the Rise of Non-Alignment

The Asian-African​ Conference, held in Bandung, Indonesia, on April​ 24, 1955, stands as​ a watershed moment⁤ in the history of international relations. This landmark‌ event, frequently enough referred to as the Bandung Conference, ​brought together leaders from⁢ newly ⁢independent nations across Asia and Africa.The “Final Communique‍ of the Asian-African‌ Conference⁣ of Bandung” articulated a vision for a world free from⁣ colonialism ‍and centered on principles of self-determination and‌ mutual respect. The conference’s impact ⁤resonated far beyond its immediate participants, laying the groundwork for the Non-Aligned Movement and shaping the discourse on global economic and political order for decades to come.

The genesis of Bandung: A Response to Colonialism and ⁣Cold⁤ War Tensions

In ⁤the ​mid-20th century, the world was undergoing a profound ⁣change. Colonial empires were ‌crumbling, giving rise ‍to a wave of ⁤newly independent nations eager to assert​ their ⁤sovereignty on the‌ global⁤ stage.Simultaneously, the Cold War was intensifying,⁤ dividing the⁤ world ‌into two opposing blocs led by the United States⁤ and the Soviet Union. The Bandung⁢ Conference emerged ⁤as a direct response to these dual challenges,offering an alternative path for nations seeking to avoid entanglement in the superpower rivalry and chart their own course.

The ​conference aimed to foster solidarity and cooperation among Asian and African nations, promoting economic and‍ cultural exchange while advocating ‌for collective action on issues of common concern. It was a bold assertion of ‍agency by countries that had ​long been marginalized‌ and subjected to external domination.

The Ten Principles of Bandung: A ⁤Blueprint for a‌ New World Order

The “final Communique⁢ of the Asian-African Conference of Bandung” outlined ten‍ key principles that ‍served as ‍the foundation for a new⁢ vision of international relations.⁣ These principles, rooted‌ in the ideals of peace, justice, ‌and equality, included:

  • Respect for​ fundamental‍ human rights and⁣ for the purposes ‍and principles of the Charter of the United Nations.
  • Respect for the sovereignty and territorial integrity of all nations.
  • Recognition of the equality ​of all races and the‍ equality of all nations large and​ small.
  • Abstention from intervention or interference in⁢ the internal affairs of another country.
  • Respect for the right of ⁢each ⁣nation ⁤to defend itself singly or collectively, in conformity with the Charter of the United Nations.
  • Abstention ‍from the use of arrangements of collective defense‌ to serve the particular interests of any of the big powers.
  • Refraining from acts or threats of aggression or the use of force against⁤ the territorial integrity or political independence of any ⁣country.
  • Settlement of all international disputes by peaceful means, such as negotiation, conciliation,‌ arbitration or judicial settlement as well as ‌other peaceful means ‌of ‌their ⁢own choice, in conformity with the Charter of the United Nations.
  • Promotion of mutual⁤ interest⁤ and cooperation.
  • Respect for justice and international⁤ obligations.

These principles, collectively, represented a powerful‍ challenge to the existing world order, which was perceived as being dominated‍ by the ⁣interests ‍of the major powers.

The Enduring ‌Impact: From Bandung to the⁣ Non-Aligned Movement

The⁣ bandung Conference ‌had a‌ profound and lasting impact on the course of global politics. One of its most‌ significant legacies was the impetus it provided for⁤ the formation of the Non-Aligned Movement (NAM).‌ NAM,⁣ formally established in 1961, provided a platform ‍for‌ nations to pursue‍ their interests independently of the major power blocs. As Joseph Hongoh noted, the Bandung Conference presented “the⁢ Challenge of⁣ Reconciling Continental Solidarity with National Sovereignty.”

Gamal Abdel nasser, a key figure in‌ the Non-Aligned Movement,‍ embodied this spirit of independence. The conference​ also spurred discussions around economic development and the need for a more equitable global‍ economic order.These discussions ⁣would‍ later ⁢contribute to calls for ⁣a ‌New International Economic Order (NIEO) ‍in the 1970s, as articulated in‍ the “Declaration on ‍the Establishment of‌ a New International Economic Order adopted by ⁤the General Assembly‌ on May 1, 1974.”

While the NIEO ultimately ​fell short of ​its goals, the spirit⁣ of Bandung continued to inspire efforts ‍to⁣ address global inequalities⁢ and promote South-South cooperation. As Amitav Acharya observed,‌ studying the Bandung‍ Conference‌ offers valuable insights from “a⁢ Global IR ⁣Perspective.”

Economic Development and‍ the Quest for a new​ International ‌Economic Order

The Bandung Conference also served as a‍ catalyst for ⁣discussions on economic development and‍ the ⁢need for a more equitable ⁢global economic order. Leaders recognized that political independence alone was not sufficient to ⁤ensure true sovereignty; economic self-reliance was also essential.⁣ The‍ conference spurred⁣ calls ‍for increased trade and ​investment⁤ among developing ⁢countries,⁤ as well as for reforms to the international financial system.

The ⁣push ⁤for a New International ​Economic Order (NIEO) in the⁣ 1970s, though ultimately unsuccessful, reflected the aspirations of developing⁣ countries to reshape⁤ the global economic landscape in ⁢their favor.The “Declaration​ on the Establishment of a New ‍International Economic Order adopted ⁣by the general Assembly on may 1, 1974″‌ encapsulated these aspirations, calling for greater control ‌over natural resources, fairer terms of trade, and increased access to technology and finance.

Bandung’s Enduring Relevance in a Multipolar World

The Bandung Conference of‌ 1955 remains a ⁤pivotal moment in ‍the history of the 20th century. It marked the rise of the Global South as‍ a⁣ force in international affairs and laid the foundation for the ​Non-Aligned Movement. While the world has changed dramatically since Bandung, the conference’s core ​principles of self-determination, mutual⁤ respect, and​ South-South ⁤cooperation remain relevant in today’s multipolar world. As new challenges and opportunities emerge, ⁣the spirit of Bandung continues to inspire efforts to build a more just and equitable global order.

Both articles discuss⁣ the Bandung ⁢Conference of 1955, highlighting its significance as ⁢a pivotal moment in the history of​ the ⁤Global south and the Non-Aligned Movement. However,they offer slightly different ‍perspectives and levels of detail.

Article 1: “The⁤ Bandung Conference: A Mythical Moment of Global South Unity” takes a broader historical ​approach, tracing the⁣ origins of the conference back to the late 19th and early 20th centuries. It emphasizes ‍the growing sense of Asian solidarity fueled by anti-colonial movements and the complex role of⁢ Japan,⁢ both as a model of resistance to Western ‍powers and as ‍an imperial power itself. The article‍ also details preceding conferences that‍ built momentum towards Bandung,including the asian Relations Conference,the Asia Pacific Peace Conference,and the‍ First Asian ‌Socialist Conference. It highlights key moments‌ and speeches at the Bandung Conference, focusing on the charisma of Sukarno and the diplomatic skills of Zhou ⁢Enlai.​ The article concludes by⁣ acknowledging‌ the conference’s imperfections⁤ but emphasizing its enduring legacy as a symbol of unity ⁣and aspiration for a more just world order.

Article 2: “Bandung Conference: A Turning Point for Afro-Asian Solidarity and the Non-Aligned Movement” focuses more specifically on‌ the conference itself and its immediate impact on the Non-Aligned Movement. It details​ the genesis of‍ the ‌conference, emphasizing the role of the five Colombo ‌Powers in its institution. It provides a more critical assessment of Nehru’s leadership, suggesting his attempts to dominate the proceedings ‌alienated some delegates. The article clearly outlines the Ten Principles of Bandung, the conference’s condemnation of colonialism, and its ⁢support for Palestine. It also contrasts Nehru’s approach with Zhou Enlai’s more successful diplomatic strategy. While acknowledging the conference’s⁣ achievements, it points out ⁢omissions, such as the underrepresentation of women⁣ and Africa’s junior⁢ partner ​status within the⁢ movement.

In summary: ⁣ Both articles agree on the historical importance of the Bandung Conference. Article 1 provides a more comprehensive historical context, tracing the long-term advancement of Pan-Asian and Afro-Asian solidarity. Article 2 offers a more focused analysis of the conference itself, its successes, limitations, and lasting impact on the Non-Aligned Movement, notably highlighting the contrasting leadership styles of Nehru and⁣ Zhou Enlai. ⁤ Together they provide a richer understanding of ‍the event and its⁤ complex legacy.

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