Question

why was the main objective of new international economic order​

Answer 1

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• 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.♡

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Answer 2

Answer:

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 terms of trade, increasing development assistance, developed - country tarrif reduction......

Explanation:

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