ABSTRACT
The ‘new world order’ is a fashionable concept today, just as ‘the new international economic order’ was in the 1970s (Cox, 1979; Krasner, 1985). Both are essentially ideological concepts, expressing particular interests. The latter was an articulation of the Third World preference for a more interventionist and redistributive world economy, the former has come to mean a market-oriented mode of allocation backed by US hegemonic power. Thus, albeit ideologically very different, both concepts suggest a world order determining the rules of the game of the international economic system.
