The UN and Global Political Economy: Trade,

Taking the post-war revolt against free trade orthodoxy by UN economists as their point of departure, the authors assess the UN's creative intellectual contributions to the trade, finance, and development debate. Presenting a fascinating account of the main UN actors in this debate, The UN and Global Political Economy focuses on the accomplishments and struggles of key thinkers and explores the role played by UN agencies such as DESA and ECLAC, whose ideas influenced the birth of UNCTAD in the 1960s and the campaign for a New International Economic Order in the 1970s. The concluding chapters look closely at the effects of the Latin American debt crisis of the 1980s and the growing strength of the WTO in the 1990s, and consider the lessons to be drawn from these and other recent developments. Book jacket.

John Toye is a political economist who has directed research on economic development at the Universities of Wales, Sussex, and Oxford. He has also worked as a British civil servant, as the director of a private consultancy company, and as a director of the United Nations Committee on Trade and Development. His previous books include Dilemmas of Development (2nd ed., 1993) and Keynes on Population (2000) and he has published numerous academic articles. Richard Toye is lecturer in history at Homerton College, Cambridge. He is the author of The Labour Party and the Planned Economy, 1931-1951 (2003) and co-author, with Jamie Miller, of Cripps versus Clayton (forthcoming).

Foreword

Louis Emmerij, Richard Jolly, and Thomas G. Weiss

vii

Acknowledgments

xi

List of Abbreviations

xiii

Introduction

1

(229)

1 The UN Trade and Development Debates of the 1940's

17

(28)

2 The UN Recruits Economists

45

(18)

3 Michal Kalecki, the World Economic Report, and McCarthyism

63

(24)

4 From Full Employment to Economic Development

87

(23)

5 The Early Terms-of-Trade Controversy

110

(27)

6 ECLA, Industralization, and Inflation

137

(26)

7 Competitive Coexistence and the Politics of Modernization

163

(21)

8 The Birth of UNCTAD

184

(22)

9 UNCTAD under Raul Prebisch: Success or Failure?

206

(24)

10 World Monetary Problems and the Challenge of Commodities

230

(24)

11 The Conservative Counterrevolution of the 1980's

254

(22)

12 What Lessons for the Future?

276

(23)

Appendix: List of Archival Sources

299

(2)

Notes

301

(72)

Index

373

(18)

About the Authors

391

(2)

About the UN Intellectual History Project

393

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The UN and Global Political Economy: Trade, Finance, and Development

Summary

Author Biography

Table of Contents

Supplemental Materials