COLD WAR ERA
IMPACT OF COLD WAR
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Give the LDCs control over their natural resources
|
|
|
Obtain access to Western markets
|
|
|
Reduce the cost of technology from the Western countries
|
|
|
Provide the developed countries with a greater role in international economic institutions
|
Detailed explanation-1: -Statement d instead of granting a greater role in international economic institutions to LDCs, grants it to developed countries. This makes it a false statement with regards to the NIEO.
Detailed explanation-2: -In many parts of the world, international financial institutions (IFIs) play a major role in the social and economic development programs of nations with developing or transitional economies. This role includes advising on development projects, funding them and assisting in their implementation.
Detailed explanation-3: -The New International Economic Order (NIEO) is a set of proposals advocated by developing countries to end economic colonialism and dependency through a new interdependent economy.
Detailed explanation-4: -The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 190 member countries.