The Challenges Of International Economic Cooperation Politics

Essay add: 21-04-2017, 10:18   /   Views: 59

According to agreement of the State Members of the United Nations to promote directly international economic cooperation, they aimed to particularly revitalize economic development of the developing nations so as to appreciate the fundamental right of all individuals. This is to a life without hunger, poverty, lack of knowledge, illness and terror.

International cooperation is a human rights approach to growth and development. The conclusion of the Cold War saw the emergence of a more distinguished outlook of both international problems and the concerns that the cooperation brings to international relations. This adjustment in perception has its consequences in human rights. To a greater extent, the equivalent status of all human rights is accepted in practice. Economic, in addition to social rights, become a notable issue not only in the discussion over human rights, but also in the sensible human rights rule of both nations and international associations. Fraction of this revisit is the rapprochement of growth and human rights rule in a so-called human rights move towards to growth. The Human Development Report of 2000 done by the United Nations Development Program is a famous instance of this argument. A human rights view of development identify primarily the lawful responsibility of members of human rights agreements to growth cooperation and development labors and so goes further than human rights as the substance of development rule.

International cooperation draws many different reactions from various people. For businesses, internal economic cooperation is a good thing that assures augmented trade and improved profits for them. Many industrial countries have that view and for the same cause, increased business and augmented profit for their people. Many upcoming states fear it; however, as a fresh tactic toe entrench or even augment inequality between countries and within countries. And many people, particularly young people, in developed nations see it as a new vehicle for domination.

International cooperation is neither new nor completely good or completely bad. It is a process that has been ongoing for thousand for some time. And it is competent in both good and bad. One of the notable things is this process has brought is international human rights regulations.

International human rights act is as a result of international cooperation. That the very character of this sector of law itself. It is the result of international relations and cooperation. With no cooperation there would be no international human rights act. It is not the outcome of the negotiations of national assembly. It is not prepared by sovereign authorities or sovereign nations, although their approval is required. Rather it emerges from international conciliation and accord and then recognition of obligatory legal bindings by states. Human rights are special than other kinds of rights. They possess five unique characteristics. They are intrinsic, universal, unchallengeable, indivisible and interdependent. They are accepted, not created. International cooperation is required to look for conformity on the meanings of these rights and their material and content. This is international collaboration.

At the same time as international collaboration is the source of worldwide human rights act, so too is it the major global means for the defense and endorsement of human rights. Actually the law itself necessitates, that is, compels, nations to cooperate in the defense and promotion of human rights.

International cooperation is good in that developed nations who influence the world economic development and the international financial environment profoundly will try and support the developing countries. They continue their efforts in terms of political systems, laws on human rights to promote continued development and to narrow disparities in a way that can profit the developing nations. The coordination of macro-economic rules takes full account of the interests and worries of all nations, especially the developing nations. Hard works are made to improve the effectiveness of multilateral observation designed to correct current external and economic disparities, endorse non-inflationary sustainable development. This is also to minimize real rates of interest and formulate exchange rates to be more stable and markets more reachable.

The United Nation aid in providing development objective and state priorities where the developing countries should carry on working in line of keeping checks over inflationary likeliness, endorsing domestic savings. They should also attain favorable conditions for local and foreign investment. They ought to modernize their financial systems and increase their global competitiveness.

According to the United Nation, economic rules should have as their eventual purpose the betterment of the human circumstance and the improvement of the involvement of all individuals to development. The complete exploitation of human resources and the acknowledgment of human rights inspire creativity, originality and initiative. A primary objective of the internal cooperation is to respond to the requirements and exploit fully the potential of all members of the world. Health, nourishment, shelter population policies and other public services are significant to both enhancing personal happiness and triumphant development. Education and teaching, which must be accessible to all, are very important in enhancing the quality of human resources and for keeping up economic growth. The international society support hard works to apprehend the current acceleration of extreme poverty and hunger. It is important to reverse the current worsening of this serious situation.

International economic cooperation ensures that new and additional economic resources are directed to developing nations. Effective modalities for positive access to, and relocation of, environmentally friendly technologies, especially developing nations, as well as on concessional and special terms, are examined. Multilateral economic institutions are in a position to react to the rising development requirements of developing nations. International economic cooperation provides enough resources to keep up long-term development, to assist structural improvement and to fund programs to ease the adverse social outcomes of adjustments for poor and susceptible groups.

In international economic cooperation, commodity exports will persist to play a major role in the financial systems of most developing countries and to make an important contribution to export earnings and venture. There is a need for better performance of commodity markets and more steady and predictable situations. Diversification help the up coming nations to augment and stabilize their export incomes. All nations and multilateral organizations should assume measures to up hold these endeavors.

Regional financial integration is significant in increasing trade and venture in developing nations. Developing nations are able to strive to endorse economic incorporation and reinforce economic and practical co-operation among them. These attempts are encouraged and supported by the developed nations, as well as by the international institutions.

Eastern Europe nations, for example, are supported in their hard work to incorporate themselves into the international financial system, as well as, as suitable, their adhesion to international organizations. This will profit their people and the rest of the globe. This must not divert from the high main concern placed on worldwide development cooperation with the developing nations. Their incorporation will reinforce the role of Eastern Europe as a dynamic trade associate and as a market and basis of technology.

International economic cooperation main aim is to eliminate poverty and hunger, bigger equity in income circulation and the expansion of human resources. These were, and remain to be, the major challenges faced by many countries. The collective efforts of the international economic cooperation are much needed to guarantee that the swiftly altering realities end in a positive revolution in good turn of the economic development of all nations, especially the developing nations.

However, there is a setback in the international economic cooperation. It has been associated with job losses, competitive weights and a deterioration of income allocation in developed and developing nations alike. Almost internationally, the lower records of the income allocation are most doubtful about the paybacks of international financial system incorporation, and these doubts are especially widespread in more unequal humanities. This calamity has highlighted suspicion of a world financial system that looks like to be the cause of much of our current dilemma. There is rising bitterness that the extension of the past ten years majorly helped the wealthy, while the poor and the average classes are being forced to forfeit to deal with the aftermath of the binge. This is joined with related bitterness that authorities tend to privilege the concerns of international financial institutions and companies. There is an advancing famous observation that insulation will aid to support national efforts to deal with the crisis.


In conclusion, international cooperation is much significant in promoting human rights and improving the world’s peaceful coexistence. In the financial system part, it helps much in those economically stable and developed nations to provide support to the developing nations. In leads to improved international policies which guides developed and developing nations as well. This is where nations can then take benefit of the significant progresses in science and technology and the internalization of markets and competitions. It also has to look into environmentally friendly and sustainable economic development.

National public will more and more resist making national forfeits in order to respect international financial obligations. In the mean time, concerted interests who support international cooperation, such as the international economic and corporate subdivisions, have been destabilized by international economic weakness.

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