HISTORY
THE COLD WAR ERA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Give the LDCs control over their natural resources
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Obtain access to Western markets
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Reduce the cost of technology from the Western countries
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Provide the developed countries with a greater role in international economic institutions
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Detailed explanation-1: -Key themes of the NIEO included both sovereign equality and the right of self-determination, especially when it comes to sovereignty over natural resources. Another key theme was the need for a new commodity order through international commodity agreements and a common fund for commodity price stabilization.
Detailed explanation-2: -The New International Economic Order (NIEO) was a set of proposals put forward by nuetral countries during the Cold War. 2. These proposals were put forward through the United Nations Conference on Trade and Development in the 1970s.
Detailed explanation-3: -NIEO :-New International Economic Order is a economic system introduced to replace Bretton Wood System in 1970s by some developing countries through United Nations Conference on trade and development to promote their interests by improving their terms of trade. Was this answer helpful?