Towards a New Non-aligned Movement(NNAM) and a New International Economic Order:A Strategy for Comprehensive Non-capitalist Development in the 21st Century

Khan, Haider (2023): Towards a New Non-aligned Movement(NNAM) and a New International Economic Order:A Strategy for Comprehensive Non-capitalist Development in the 21st Century.

Abstract

The main purpose of this paper is to explore a fairly comprehensive strategy for development as freedom beyond capitalism in the 21st century. Accordingly, I try to find a way to integrate useful markets with the key characteristics of the Enabling Developmental State for the 21st Century in order to build a growing ecologically sustainable economy with equity in terms of capabilities. This will doubtless require a new global financial and ecological architecture. We aim for theoretical clarification as well as for aiding the strategies of popular democratic movements. A few tentative steps are taken here to serve this dual purpose. Proceeding from a critical capabilities perspective that is fully grounded in social reality of deepening structural and ecological crises of the World Capitalist System, we discover that such a perspective leads to the need to include among the characteristics of the Enabling Developmental State for the 21st Century its capacity to build an ecologically sustainable egalitarian development strategy from the beginning. In addition, democracy must be deepened from the beginning. For the Global South including Eurasia, and particularly for Africa and Latin America, a new cooperative community of nations following their own rhythm to reach their own dynamic trajectories towards development as freedom will be possible if they cooperate regionally and globally on the basis of equal sovereignty and mutual respect. One precondition is to pragmatically unite for a common economic strategy. For this a decolonization of the mind in the global south is also necessary. I conclude with some further thoughts on extending the model to an information theoretic based fractal model of development. A mathematical model of integrated financial and real sectors on abstract function space is presented in the appendix that can be extended for this purpose.

• Item Type: MPRA Paper
• Language: English
• Keywords: New Non-aligned Movement(NNAM), New International Economic Order, Global South, Enabling Developmental State, Egalitarianism, Ecological Crisis, World Capitalist System, Counterhegemonic movements, Nonlinearities, Multiple equilibria, Entropy and Information Theory
• Subjects: A - General Economics and Teaching > A1 - General Economics; F - International Economics > F5 - International Relations, National Security, and International Political Economy; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development

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