"What has destroyed all previous civilizations has been the tendency to unequal distribution of wealth and power." Henry George, American economist.
Since the end of the Second World War, international economic relations have been marked by three large groups: the North, made up of Western countries with a market economy; the South, with a heterogeneous group made up of developing countries; and Central and Eastern Europe, developed countries with planned economies.
The international economic order is the norms that regulate economic relations, and historically four stages can be seen:
- It begins with the Industrial Revolution until the First World War, characterized by the birth of a private, liberal order and a limited participation of the State, from the end of the First World War until the Second, a stage known as disorder among the It was characterized by the restriction of the free movement of goods, labor and capital and an economic protectionism, it occurred at the end of the Second World War and lasts until the early seventies, this is where the bases for the neoliberal order, a market philosophy arises, free trade, multilateral cooperation and the consolidation of the socialist system of planned economy. From the early seventies to the disappearance of the USSR; is characterized by the Cold War,the weakening of the US dollar, the strengthening of Europe and Japan and the centralization of trade relations between countries of the same economic system.
The New International Economic Order is characterized by a general presence of transnationals, a global ecological crisis, a computer revolution, a new international division of labor and a new way of managing economies. Similarly, globalization, new financial models, high technology and trade openness are identified as the main characteristic.
Knowing the world economic history makes us understand the current economic characteristics and their repercussions in all areas of our lives, apparently it is not a "new economic order" that we are living, but quite the opposite, besides that it is voracious and seems to have no regulations.
