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Transitional paradigms to a new world economic order

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Ideologies,Social economics,Sustainable development,Theory,Welfare,World economy

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In: International Journal of Social Economics 23 10/11, 311-328Abstract: Discusses the meaning of the term new world order (NWO) and defines its economic dimensions. Identifies three common principles of any workable NWO: material, social and spiritual dimensions. Links these dimensions in an analytical framework. Reviews the literature on the theories and concepts which further our understanding and identification of societal ideals. Describes ways to integrate the social and spiritual dimensions into production, consumption and exchange. Attempts to link the ideals of a NWO with the potential behaviour of corporations to create a smoother transition towards sustained global welfare.

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DOI: doi:10.1108/03068299610764270

Discusses the meaning of the term new world order (NWO) and defines its economic dimensions. Identifies three common principles of any workable NWO: material, social and spiritual dimensions. Links these dimensions in an analytical framework. Reviews the literature on the theories and concepts which further our understanding and identification of societal ideals. Describes ways to integrate the social and spiritual dimensions into production, consumption and exchange. Attempts to link the ideals of a NWO with the potential behaviour of corporations to create a smoother transition towards sustained global welfare.