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For a Social Market Economy in North-South relations

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Intereconomics

Abstract

The North-South dialogue on a New International Economic Order has reached deadlock. To revive it Prof. Sautter is counseling an offensive application of the basic principle of the Social Market Economy to the global economic relations between industrialised and developing countries.

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References

  1. Alfred Müller-Armack: Wirtschaftsordnung und Wirtschaftspolitik, Studien und Konzepte zur sozialen Marktwirtschaft und zur europäischen Integration (Economic order and economic policy, studies and concepts of social market economy and European integration), Freiburg 1966, p. 10 f., quoted by Reinhard Blum: Marktwirtschaft, soziale, article in: Handwörterbuch der Wirtschaftswissenschaft, 13. und 16. Lieferung, Stuttgart etc. 1979, p. 153–166, see p. 154.

  2. A summary of th emain arguments is found, e. g. in Dietrich Kebschull et al. (ed.): Die neue Weltwirtschaftsordnung (The new international economic order), Hamburg 1971; The RIO Report to the Club of Rome: Reshaping the International Order, New York 1976.

  3. This term is used, e. g., by Theodor Dams: Weltwirtschaft im Umbruch (The world economy at a turning point), Freiburg, Würzburg 1978, p. 109, p. 123.

  4. Cf. Kenneth W. Dam: The GATT—Law and International Organization, Chicago 1970; John J. Jackson: World Trade and the Law of GATT, Michigan 1969; Robert E. Hudec: The GATT Legal System and World Trade Diplomacy, New York 1975.

  5. The Webb-Pomerance Act of 1938 did so in the USA and GWB Art. 6 in the Federal Republic of Germany.

  6. There is however no agreement on this in the ordo- and neoliberal literature—cf. Reinhard Blum: Soziale Marktwirtschaft (Social market economy), Tübingen 1969, p. 95.

  7. A general description of such agreements is given in: Federal Ministry of Economic Affairs (ed.): Der wissenschaftliche Beirat beim Bundesministerium für Wirtschaft, Gutachten vom November 1976 bis November 1977, 9th volume, Göttingen 1978; by the same authors and editor, Gutachten dated Nov. 20, 1976: Fragen einer neuen Weltwirtschaftsordnung (Problems of a new international economic order), p. 777 ff.

  8. Cf. W. M. Corden: Trade Policy and Economic Welfare, Oxford 1978.

  9. Cf. J. M. Finger: GATT Tariff Concessions and the Exports of Developing Countries, United States Concessions at the Dillon-Round, in: The Economic Journal, Vol. 84, 1974, p. 566–575; by the same author: Effects of the Kennedy-Round Tariff Concessions on the Exports of Developing Countries, in: The Economic Journal, Vol. 86, 1976, p. 87–95.

  10. Cf. Helmut Hesse: Zum Konzept einer Handelsanpassungspolitik (On the concept of a trade adjustment policy), in: G. Bombach, B. Gehlen, A. E. Ott (eds.): Probleme der Wettbewerbstheorie und-politik (Problems of competition theory and policy), Schriftenreihe des Wirtschaftswissenschaftlichen Seminars Ottobeuren, 5, Tübingen 1976, p. 341 ff.

  11. These are reported in: The Tokyo Round of Multinational Trade Negotiations, Report by the Director-General of GATT, Geneva, April 1979.

  12. Cf., e. g., (no indication of author): Protektionistische Maßnahmen durch die Hintertür? (Protectionist measures by the backdoor?), in: Frankfurter Allgemeine Zeitung, May 22, 1980.

  13. Cf. Hans R. Krämer: Exportbeschränkungen, ein neues Problem der Welthandelsordnung (Export restrictions—a new problem of the world trade order), Kieler Diskussionsbeiträge No. 40, June 1975.

  14. On this problem area cf., e. g., Hans Otto Lenel: Zur Problematik der multinationalen Unternehmen (On the problems of the multinational enterprises) in: Ordo, Vol. 27, 1976, p. 183–222, reprinted in: Helmut Gröner, Alfred Schüller (eds.): Internationale Wirtschaftsordnung (International economic order), Stuttgart, New York 1978, p. 23–43; Josef Molsberger: Internationale Wettbewerbsbeschränkungen (International restraints on competition), in: Helmut Gröner, Alfred Schüller, op. cit., p. 45–55.

  15. On the proposal of a multilateral agreement modelled on GATT cf. P. Juhl: Zur Bewältigung politischer Investitionsrisiken in den Entwicklungsländern—Das Konzept einer “Free Investment Area” (On the containment of political risks of investments in developing countries—the “Free Investment Area” concept), in: Die Weltwirtschaft, 1976, No. 1, p. 191 ff.

  16. Cf. R. Dolzer: Spielregeln für Weltkonzerne (Rules for world combines), in: Frankfurter Allgemeine Zeitung, April 29, 1980.

  17. Cf., e. g., W. Hankel: Die Währungsordnung in der Marktwirtschaft—international und national (The monetary order in the market economy—international and national), in: B. B. Gemper (ed.): Marktwirtschaft und soziale Verantwortung (Market economy and social responsibility), Cologne 1973, p. 311 ff.

  18. The attempts made to develop the international monetary order further are reviewed by Alfred Schüller: Reform des internationalen Währungssystems: Ausgangstatsachen. Ordnungsgrundsätze und Wege (Reform of the international monetary system: facts, order principles and ways of procedure) in: Helmut Gröner, Alfred Schüller, op. cit., Reform des internationalen Währungssystems: Ausganstatsachen, Ordnungsgrundsätze und Wege (Reform of the international monetary system: facts, order principles and ways of procedure) p. 171–191.

  19. Cf. Stefan Baron: Zur Instabilität auf den internationalen Rohstoffmärkten. Preisstabilisierung als Instrument der Erlösstabilisierung—eine modell-theoretische und empirische Kritik am “Integrierten Rohstoffprogamm” (On the instability in the international commodity markets. Price stabilization as an instrument for earnings stabilization—a model-theoretical and empirical critique of the “Integrated Programme for Commodities”), in: Die Weltwirtschaft, 1977, No. 1, p. 175–190; Stefan Baron, Hans H. Glismann, Bernd Stecher: Internationale Rohstoffpolitik —Ziele, Mittel, Kosten (International commodity policy—aims, means, costs), Tübingen 1977.

  20. Cf. K. Glaubit, W. Lütkenhorst with the collaboration of G. Bien and H. H. Bormann: Elemente einer neuen Weltwirtschaftsordnung (Elements of a new international economic order), Tübingen, Basle 1979, p. 28 ff.

  21. Federal Ministry of Economic Affairs (ed.), op. cit.Der wissenschaftliche Beirat beim Bundesministerium für Wirtschaft, Gutachten vom November 1976 bis November 1977, 9th volume, Göttingen 1978; p. 809.

  22. Cf., in particular, E. B. Steinberg, J. A. Yager with G. M. Brannon: New Means of Financing International Needs, Washington 1978.

  23. Cf. Rolf Peffekoven: Finanzausgleich I: Wirtschaftstheoretische Grundlagen (Financial equalization I: The basic economic theory), article in: Handwörterbuch der Wirtschaftswissenschaft, 24. Lieferung, Stuttgart etc. 1980; Dieter Biehl: Finanzausgleich IV: Internationaler Finanzausgleich (Financial equalization IV: International financial equalization), in: Handwörterbuch der Wirtschaftswissenschaft, 24. Lieferung, Stuttgart etc. 1980, p. 689–713.

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Authors and Affiliations

  1. Frankfurt University/Trenton State College, Trenton, N.J., USA

    Hermann Sautter

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  1. Hermann Sautter
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Prof. Sautter’s article is based on preparatory work for a paper which he read at the annual meeting of Deutsche Gesellschaft für Wirtschafts- und Sozialwissenschaften (Verein für Socialpolitik) in Nuremberg on Sept. 17, 1980.

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Sautter, H. For a Social Market Economy in North-South relations. Intereconomics 15, 276–284 (1980). https://doi.org/10.1007/BF02924650

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