New international economic orders?
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Posted by Meenakshi Singh 6 years, 6 months ago
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Gaurav Seth 6 years, 6 months ago
Circumstances for the birth to the idea of New International Economic Order - NIEO :-
(i) The challenge for most of the non-aligned countries — a majority of them were categorised as the Least Developed Countries (LDCs) — was to be more developed economically
(ii) The people of these countries were to be lifted out of the vicious circle of poverty.
(iii)Economic development was also vital for the independence of the new countries. Without sustained development, a country could not be truly free.
(iv)It would remain dependent on the richer countries including the colonial powers from which political freedom had been achieved.
2Thank You