Question

why NIEO initiative faded in 1980s

Answer 1

Answer:

Explanation:

Promulgated as a United Nations declaration in 1974 (reprinted as the frontispiece to this special issue of Humanity), the NIEO was the most widely discussed transnational governance reform initiative of the 1970s. Its fundamental objective was to transform the governance of the global economy to redirect more of the benefits of transnational integration toward “the developing nations”—thus completing the geopolitical process of decolonization and creating a democratic global order of truly sovereign states.

Answer 2

NIEO intiative faded  during the 1980s, because of replaced by discussions of structural adjustment programs, the Washington consensus, and the “end of history.”