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Transition to a New World Economic Order Part II: Strategies


  • Calkins, Peter H.


Research on the transition to a new world economic order has already produced rich empirical results which help to validate sixteen specific research hypotheses for socialist and capitalist, underdeveloped and developed contexts, as well as the world economy as a whole. This multi-disciplinary literature on the NWO also maps out appropriate strategies that nations could follow to reach the goals of international efficiency, equity, equilibrium and positive evolution. Because of remaining lacunae and occasional disagreement, further research on the natural environment, economic motivation, social structures, political institutions, unifying values, and modeling techniques must be pursued. In addition to academic research, agricultural economists can play a fundamental social role in promoting a universal paradigm of transitions to a better NWO that integrates a whole series of innovative social and economic policies and institutions.

Suggested Citation

  • Calkins, Peter H., 1995. "Transition to a New World Economic Order Part II: Strategies," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(03), December.
  • Handle: RePEc:ags:remaae:12385

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    References listed on IDEAS

    1. Becker, Gary S, 1974. "A Theory of Social Interactions," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1063-1093, Nov.-Dec..
    2. Richard J. Brazee & Douglas Southgate, 1992. "Development of Ethnobiologically Diverse Tropical Forests," Land Economics, University of Wisconsin Press, vol. 68(4), pages 454-461.
    3. Calkins, Peter H., 1995. "Transition to a New World Economic Order Part I: The Framework," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(02), August.
    4. Marquez, Jaime & Pauly, Peter, 1987. "International policy coordination and growth prospects of developing countries : An optimal control application," Journal of Development Economics, Elsevier, vol. 25(1), pages 89-104, February.
    5. Kim, C. S. & Moore, Michael R. & Hanchar, John J. & Nieswiadomy, Michael, 1989. "A dynamic model of adaptation to resource depletion: theory and an application to groundwater mining," Journal of Environmental Economics and Management, Elsevier, vol. 17(1), pages 66-82, July.
    6. Fred Glahe & Frank Vorhies, 1989. "Religion, liberty and economic development: An empirical investigation," Public Choice, Springer, vol. 62(3), pages 201-215, September.
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    International Relations/Trade;


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