New International Economic Order

The New International Economic Order (NIEO) is a set of proposals advocated by developing countries to end economic colonialism and dependency through a new interdependent economy.[1][2] The main NIEO document recognized that the current international economic order "was established at a time when most of the developing countries did not even exist as independent states and which perpetuates inequality."[3] In the spirit of "trade not aid," the NIEO called for changes in trade, industrialization, agricultural production, finance, and transfer of technology.[1] The United Nations General Assembly adopted the "Declaration for the Establishment of a New International Economic Order" and its accompanying program of action on 1 May 1974.[4]

  1. ^ a b Laszlo, Ervin; Baker, Robert Jr.; Eisenberg, Elliott; Raman, Venkata (1978). The Objectives of the New International Economic Order. New York, NY: Pergamon Press.
  2. ^ Getachew, Adom (2019). Worldmaking after Empire: The Rise and Fall of Self-Determination. Princeton University Press. doi:10.2307/j.ctv3znwvg. ISBN 978-0-691-17915-5. JSTOR j.ctv3znwvg.
  3. ^ "Declaration on the Establishment of a New International Economic Order". United Nations Digital Library. 1974. Retrieved 17 December 2020.
  4. ^ "Declaration on the Establishment of a New International Economic Order". United Nations Digital Library. 1974. Retrieved 16 December 2020.