Economic Rights under the UN System and the Creation of a Newer International Economic Order

In the beginning of the human rights discourse, emphasis was on civil and political rights. Later, the thrust of the discourse moved to social and economic rights. Economic rights were demanded by the developing world manifesting in the form of Permanent Sovereignty over Natural Resources and the New International Economic Order. Due to the untiring efforts of these members, economic rights are reflected, enunciated and promoted in the international human rights instruments created under the aegis of the UN. The OHCHR has an innovative approach towards the guaranteeing of economic rights. For instance, the Office has a human rights approach towards poverty alleviation. It also recognises different duty holders in promoting human rights like the Transnational Corporations apart from the governments and civil society in ensuring human rights (especially in the interlinkages on Business and Human Rights). These new approaches has transformed the promotion of economic rights. The question is whether the international economic order has benefited from the promotion and guaranteeing of the economic rights. The aim of the present article is to analyse the impact of UN efforts in promoting economic rights and its repercussions on the formation of a newer international economic order.