Transitional paradigms to a new world economic order
Discusses the meaning of the term new world order (NWO) and defines its economic dimensions. Identifies three common principles of any workable NWO: material, social and spiritual dimensions. Links these dimensions in an analytical framework. Reviews the literature on the theories and concepts which further our understanding and identification of societal ideals. Describes ways to integrate the social and spiritual dimensions into production, consumption and exchange. Attempts to link the ideals of a NWO with the potential behaviour of corporations to create a smoother transition towards sustained global welfare.
Keywords: Ideologies; Social Economics; Sustainable Development; Theory; Welfare; World Economy
Document Type: Research Article
Publication date: 01 October 1996
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