CBSE BOARD XII, asked by Anonymous, 4 months ago

Why was there a need for new international economic policy (NIEO)? Give some four arguments​

Answers

Answered by sahilkumarsingh821
4

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 ...

Answered by OoExtrovertoO
35

Answer:

ᴋᴇʏ ᴛʜᴇᴍᴇꜱ ᴏꜰ ᴛʜᴇ ɴɪᴇᴏ ɪɴᴄʟᴜᴅᴇᴅ ʙᴏᴛʜ ꜱᴏᴠᴇʀᴇɪɢɴ ᴇQᴜᴀʟɪᴛʏ ᴀɴᴅ ᴛʜᴇ ʀɪɢʜᴛ ᴏꜰ ꜱᴇʟꜰ-ᴅᴇᴛᴇʀᴍɪɴᴀᴛɪᴏɴ, ᴇꜱᴘᴇᴄɪᴀʟʟʏ ᴡʜᴇɴ ɪᴛ ᴄᴏᴍᴇꜱ ᴛᴏ ꜱᴏᴠᴇʀᴇɪɢɴᴛʏ ᴏᴠᴇʀ ɴᴀᴛᴜʀᴀʟ ʀᴇꜱᴏᴜʀᴄᴇꜱ. ᴀɴᴏᴛʜᴇʀ ᴋᴇʏ ᴛʜᴇᴍᴇ ᴡᴀꜱ ᴛʜᴇ ɴᴇᴇᴅ ꜰᴏʀ ᴀ ɴᴇᴡ ᴄᴏᴍᴍᴏᴅɪᴛʏ ᴏʀᴅᴇʀ ᴛʜʀᴏᴜɢʜ ɪɴᴛᴇʀɴᴀᴛɪᴏɴᴀʟ ᴄᴏᴍᴍᴏᴅɪᴛʏ ᴀɢʀᴇᴇᴍᴇɴᴛꜱ ᴀɴᴅ ᴀ ᴄᴏᴍᴍᴏɴ ꜰᴜɴᴅ ꜰᴏʀ ᴄᴏᴍᴍᴏᴅɪᴛʏ ᴘʀɪᴄᴇ ꜱᴛᴀʙɪʟɪᴢᴀᴛɪᴏɴ.

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