what is new international economic order ? Discuss it's main tenets?
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Tenets. The main tenets of NIEO were: Developing countries must be entitled to regulate and control the activities of multinational corporations operating within their territory. They must be free to nationalize or expropriate foreign property on conditions favourable to them.
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The New International Economic Order (NIEO) was a set of proposals put forward during the 1970s by some developing countries through the United Nations Conference on Trade and Development to promote their interests by improving their terms of trade, increasing development assistance, developed-country tariff reductions ..
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