Question

Explain 4 (Four) key objectives of the New International Economic Order (NIEO)

Answer 1

Answer:

1. NIEO aims at social jistice among the trading countries of World.

2. It's aim to provide poor nations increased participation and have their say in the decision making process in international affairs.

3. The crucial aim of NIEO is to promote economic development among the poor countries through self help and south-south co- operation.

4. The NIEO intends to deal with major problems of the south,such as balance of payments disequilibrium debt crisis,exchange scarcity.