Question

$\huge\color{blue}{ \colorbox{pink}{\colorbox{white} {Question:-}}}$


Discuss briefly about New international Economic Order..

ㅤ​

Answer 1

Answer:

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.

Answer 2

Explanation:

The crucial aim of the NIEO is to promote economic development among the poor countries through self- help and South-South co-operation. The NIEO intends to deal with the major problems of the South, such as balance of payments disequilibrium, debt crisis, exchange scarcity etc.