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  • Cited by 1
  • Print publication year: 2010
  • Online publication date: May 2011

3 - China–India cooperation, South–South coalition and the new international economic order

from PART I - China, India and the global trade system

Summary

Introduction

International economic order means the comparatively steady pattern, structure or model of international economic relations gradually formed in a specific history era. The establishment and evolution of the international economic order depends on the comparative economic, political and military power among categories of members in international society. International economic order is closely related to international economic law. International economic law is a fundamental tool to strengthen existing international economic order, and at the same time, an important means to promote and change the old international economic order and establish the new international economic order.

The development process of international economy and international economic law witnesses the continuous struggles between strong countries who are trying to maintain and enlarge their vested interests and to defend the old international economic order, and the weak countries who are striving to ensure a status of economic equality and to establish a new international economic order. These struggles are generally resolved with compromise and cooperation between the two parties. However, after a period of compromise and cooperation, new struggles arise from new interest contradictions and conflicts. This is a recurring cycle, with each recurrence raising the existing international economic order and related international economic norms to a new level or new phase.

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