nam was considered a' third option ' by third world countries support this statement by giving any three reasons?
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A majority of NAM members was categorised as the Least Development Countries (LDCs), to be developed more economically not to remain dependent on richer countries.
New Trade Policy for Development which proposed a reform of global trading system:
1. LDCs got control over their own natural resources which were being exploited by developed western countries.
2. To make western market available for LDCs to make trade more beneficial.
3. To reduce cost of-technology from western countries.
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