Proceedings of the International Conference on Sustainable Economics and Finance in the Digital Business Transformation (INCOSEF 2025)

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Towards an Equitable International Economic Order: Bridging the North-South Divide in A Multipolar World

Authors
Long Yang1, Ploypailin Kijkasiwat2, *
1College of Graduate Study in Management, Khon Kaen University, Khon Kaen, Thailand
2Faculty of Business Administration and Accountancy, Khon Kaen University, Khon Kaen, Thailand
*Corresponding author. Email: ploypailin@kku.ac.th
Corresponding Author
Ploypailin Kijkasiwat
Available Online 6 April 2026.
DOI
10.2991/978-94-6239-624-1_37How to use a DOI?
Keywords
international economic order; global economic governance; multipolarity
Abstract

The long-standing economic disparities between the Global North and South testify to the inadequacy and inequity of our present global economic governance (GEG) system. Since the 1940s, the United States and major economies of the North had dominated the international economic order. These powerful northern nations also establish GEG mechanisms including the G7 and G20 to consolidate their dominating roles. In keeping with the growing influence of developing countries over the global economy and world politics since the 1960s, many southern nations also created their GEG mechanisms including the G77 and BRICS. In the context of the Global North-South divide, this article provides a conceptual analysis of postwar GEG development by discussing the evolution of governance actors at the national, institutional and global levels. Importantly, the article calls for creating an equitable international economic order to bridge the North-South divide through promoting the inclusive GEG system, thus reflecting the economic and political realities of an increasingly multipolar world.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Sustainable Economics and Finance in the Digital Business Transformation (INCOSEF 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
6 April 2026
ISBN
978-94-6239-624-1
ISSN
2352-5428
DOI
10.2991/978-94-6239-624-1_37How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Long Yang
AU  - Ploypailin Kijkasiwat
PY  - 2026
DA  - 2026/04/06
TI  - Towards an Equitable International Economic Order: Bridging the North-South Divide in A Multipolar World
BT  - Proceedings of the International Conference on Sustainable Economics and Finance in the Digital Business Transformation (INCOSEF 2025)
PB  - Atlantis Press
SP  - 498
EP  - 509
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-624-1_37
DO  - 10.2991/978-94-6239-624-1_37
ID  - Yang2026
ER  -