The Charter of Economic Rights and Duties of States (1975)

Author(s):  
C. H. Alexandrowicz

This chapter focuses on the Charter of Economic Rights and Duties of States adopted by the UN General Assembly on 12 December 1974. The Charter consists of a preamble and four chapters, the most important of which are Chapter I relating to the fundamentals of international economic relations, and Chapter II on the detailed economic rights and duties of States. Chapter I contains general principles such as the sovereignty and equality of states and other principles, the adoption of which presented few difficulties to members of the United Nations Conference on Trade and Development (UNCTAD). On the other hand, the provisions of Chapter II, particularly article 2, were the subject of hard bargaining in which the negotiating states had to face some of the most controversial problems of international law in the economic field.

1991 ◽  
Vol 85 (1) ◽  
pp. 192-200 ◽  
Author(s):  
Russel Lawrence Barsh

A recently concluded special session of the General Assembly adopted, for the first time by consensus, a blueprint for the coordination of national and international economic policies. Carefully worded without any reference to the “New International Economic Order,” the session’s declaration nonetheless echoed the NIEO and its principal instrument, the Charter of Economic Rights and Duties of States, which provided: “States should co-operate in facilitating more rational and equitable international economic relations and in encouraging structural changes in the context of a balanced world economy in harmony with the needs and interests of all countries, especially developing countries, and should take appropriate measures to this end.”


2021 ◽  
Vol 118 (5) ◽  
pp. 48-65
Author(s):  
ONYSHCHENKO Volodymyr

Background. Dynamic changes in international economic relations and trade for thorough analysis and forecasting require an adequate paradigm of international trade theory, which would take into account not only economic and political factors of its development, but also the diverse civilizational context of the world community, which determines mental, social and cultural features of the development of a country. Problem research state. Problems of political economy in international trade to some extent affect the research of P. Krugman, M. Obstfeld, J. Frieden, E. Helpman, P. S. Afontsev, A. Mazaraki, T. Melnyk, V. Panchenko, N. Reznikova and others. But the structure of its methodological discourse and the subject of its research remain unclear. The aim of the articleis to clarify the political and economic discourse of the theory of international trade. Materials and methods. The materials of the research were the works of domestic and foreign specialists. In the process of preparing the article, general scientific research methods were used: historical, logical analysis, synthesis and abstraction. Results. Political economy is a normative manifestation of economic theory, which is formed under the influence of socio-economic and political concepts, the formed goals of social development. The subject of political economy of international trade – economic and socio-political relations that determine and accompany international trade and determine the goals and content of trade policy of its subjects. It is proposed to expand the mechanism of formation of relative advantages and trade policy of the country by including factors that determine not only its economic potential and specialization, but also the risks that may be caused by political decisions. It is argued that the problem of «protectionism vs liberalism» in international trade at the state level will always exist. It turns out that the problem of justice in international economic relations and trade is determined by the civilizational content of the development of countries, in which human capital plays a crucial role. Conclusion. The paradigm of political economy in international trade should be based on an expanded interpretation of relative benefits by assessing the impact of economic, social and political institutionson them, the peculiarities of national trade policies.


2009 ◽  
Vol 22 (2) ◽  
pp. 407-449 ◽  
Author(s):  
Michael Wabwile

International law on the protection and promotion of social and economic rights of the child binds states parties to respect, protect and secure these rights both in their own territories as well as to contribute to the programmes for such fulfilment in other countries in a strategy aiming at global implementation of these rights. This paper explores the legal basis for states‘ external obligations to support fulfilment of social and economic rights. It surveys inter alia the relevant treaty texts, explanatory resolutions of the UN General Assembly and statements in reports submitted by states parties to the UN monitoring committees, and argues that recent state practice and interpretation of human rights obligations confirms the extraterritorial obligations to support fulfilment of these rights. Since these are obligations to fulfil the rights of human beings in other countries rather than obligations to third states, they can be referred to as ‘diagonal obligations‘ to distinguish them from inter-state horizontal responsibility.


1997 ◽  
Vol 3 (1) ◽  
pp. 1-8
Author(s):  
Vito Bobek

This paper explores the idea of sustainable tourism as a criterion for long-term global planning that takes the economic, sociocultural and environmental benefits of tourist products into account. The paper also discusses what Slovenia’s strategy of international economic relations, together with the Law on tourist activities have contributed to the subject.


Author(s):  
Edward McWhinney

The claims on behalf of a new international economic order and for the corresponding change in the basic structure of international law that such a postulated new order is thought to imply, are proclaimed, in programmatic form, in two resolutions adopted without vote by the United Nations General Assembly at its Sixth Special Session on May 1, 1974 — the Declaration on the Establishment of a New International Economic Order, and the so-called Programme of Action on the Establishment of a New International Economic Order; and in the further Charter of Economic Rights and Duties of States, adopted by the General Assembly at its agth regular session on December 12, 1974, this time by a recorded vote of 120 to 6, with 10 abstentions.


Author(s):  
Asif Qureshi ◽  
Xuan Gao ◽  
Jeong Ah Lee

In general, international economic law (IEL) is concerned with the governance of international economic relations between states as they affect individuals in a state, including in particular their relations inter se across national boundaries. As such, the principal preoccupations of IEL involve international trade, international investment, international monetary and financial law, and international development law. A traditional drive for this normative framework has been the facilitation of the optimal allocation and use of national and international resources for the development of all the people of the world. Defining IEL is a complex process involving a bundle of questions that need to be understood at the outset before any firm definition is articulated. The process involves first and foremost the “is” question: What is IEL? This question involves a consideration of the legal sources of IEL, the subject matter that is the object of IEL disciplines, and the subjects that are subject to IEL. Second, the process involves the “ought” question: How should IEL be redefined? This can be in terms of its sources, its subjects, and subject matter, even in terms of its very objectives. Third, the process involves refocusing from a global perspective to a closer, microlevel scrutiny of the subject. At this level, the questions focus on defining the sets of regimes that make up the international economic system and configuring them in relation to each other and the international economic system as a whole, including the system of IEL in the wider international order. Fourth, another subtext of the process of defining IEL involves inquiring into how international economic governance should be allocated among the state, region, and multilateral levels. Finally, the process of defining IEL is a dynamic process and involves a constant appraisal of whether international economic relations are developing in such a manner that corresponding adjustments to the definition of IEL are called for. The process of defining IEL in this manner elevates the question from a mere academic discourse to one of the most profound inquiries in international economic relations, one that is highly relevant to informing our responses to contemporary international economic problems and that is ubiquitous in all manner of national, regional, and multilateral economic governance. The approach to IEL herein is from the perspective of public international law, with a focus on the traditional preoccupations with world trade, money and finance, investment and taxation, and international development law.


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