REGIONALISM WITHIN THE NEW INTERNATIONAL ECONOMIC ORDER: A LEGAL PERSPECTIVE
REGIONALISM WITHIN THE NEW INTERNATIONAL ECONOMIC ORDER: A LEGAL PERSPECTIVE
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Date
2000
Authors
NWANKWERE, THOMPSON ONUKWUE
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Abstract
On lsl May, 1974, the United Nations General Assembly at the sixth special
session passed and adopted Resolutions 3201 and 3202; entitled the establishment of
the New International Economic Order (NIEO) and programme of action on the New
International Economic Order (NIEO) respectively. On the 12th December. 1974, at
the 29th Regular session, the United Nations General Assembly adopted a Charter of
Economic Rights and Duties of States. The global problem today lies on the universal
implementation of these resolutions and charter. It is sad to note that the binding force
of United Nations resolutions is weak. This calls for an urgent review of the United
Nations Charter.
Article 21 of the League Covenant and Article 52 of the United Nations Charter
implied that the United Nations systems encouraged regional co-operation both with
symbols and with practical steps.
The lapses, inefficiencies and ineffectiveness of the Economic Commission for
Africa (ECA) in speaking for Africa, gave birth to the Monrovia Declaration in July
1979, and subsequently the Lagos Plan of Action in April, 1980. The Abuja Treaty of
June 1991, established the African Economic Community (AEC). Article 6 (2a) of
African Economic Community (AEC) Treaty calls for the strengthening of existing
sub-regional economic communities and the establishment of such communities in
other regions of Africa. In Africa we have the following sub-regional blocs:
Economic Community of West African States (ECOWAS), Union Douaniere
Equatoriale Et Du Cameroun (UDEAC), South African Development Co-ordinating
Conference (SADCC), now South African Development Community (SADC), the
demised East African Community (EAC), to mention but a few.
All these sub-regional blocs aim at economic co-operation, collective self-sustenance
and self-reliance of each sub-region, For instance, Economic Community of West
African States (ECOWAS) provides the framework within which collective selfreliance
and co-operation among member states of the community could be given
concrete expression in line with the New International Economic Order.
African states should not solely rely on their demand for the New International
Economic Order, rather they should look inwards on how to develop their abundant
resources and be self-reliant.
All the same, African regional and sub-regional blocs should have common goals,
objectives, rules and policies as to maintain regional order and of course, promote
world peace and security.
Description
A THESIS SUBMITTED TO THE POSTGRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, ZARIA, IN PARTIAL FULFILLMENT OF THE
REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER OF LAWS
(LL.M)
DEPARTMENT OF COMMERCIAL LAW
FACULTY OF LAW
AHMADU BELLO UNIVERSITY, ZARIA.
Keywords
REGIONALISM,, NEW,, INTERNATIONAL,, ECONOMIC,, ORDER,, LEGAL,, PERSPECTIVE