new international economic order

E682710

United Nations initiative economic order concept international economic reform proposal

The New International Economic Order was a 1970s United Nations initiative proposed by developing countries to reform global trade, finance, and economic relations in favor of greater equity and sovereignty for the Global South.

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Observed surface forms (1)

Surface form	Occurrences
New International Economic Order	1

Statements (49)

Predicate	Object
instanceOf	United Nations initiative ⓘ economic order concept ⓘ international economic reform proposal ⓘ
adoptedBy	United Nations General Assembly ⓘ
adoptedInYear	1974 ⓘ
aimedAt	establishing more equitable terms of trade ⓘ increasing control of developing countries over natural resources ⓘ increasing economic sovereignty of developing countries ⓘ promoting industrialization in developing countries ⓘ reducing economic inequality between Global North and Global South ⓘ reforming global finance ⓘ reforming global trade ⓘ reforming international institutions ⓘ reforming international monetary system ⓘ
alsoKnownAs	NIEO NERFINISHED ⓘ
criticizedBy	United States NERFINISHED ⓘ industrialized countries ⓘ
criticizedFor	challenging existing international economic institutions ⓘ perceived incompatibility with free-market principles ⓘ
discussedAt	United Nations General Assembly NERFINISHED ⓘ
historicalContext	Cold War NERFINISHED ⓘ post-colonial era ⓘ
influencedBy	Third Worldism NERFINISHED ⓘ dependency theory ⓘ structuralist economics ⓘ
keyDocument	UN General Assembly Resolution 3201 (S-VI) NERFINISHED ⓘ UN General Assembly Resolution 3202 (S-VI) NERFINISHED ⓘ
legacy	contributed to discourse on global economic justice ⓘ influenced later debates on global economic governance ⓘ inspired calls for reform of Bretton Woods institutions ⓘ
legalForm	non-binding resolution ⓘ
proposedBy	Group of 77 NERFINISHED ⓘ developing countries ⓘ
proposedInOrganization	United Nations NERFINISHED ⓘ
proposedMeasures	debt relief for developing countries ⓘ greater participation of developing countries in decision-making of international financial institutions ⓘ increased development assistance ⓘ indexation of commodity prices to prices of manufactured goods ⓘ regulation of transnational corporations ⓘ sovereign control over natural resources ⓘ stabilization of commodity prices ⓘ technology transfer to developing countries ⓘ
relatedConcept	South–South cooperation NERFINISHED ⓘ permanent sovereignty over natural resources ⓘ right to development ⓘ
status	largely unimplemented ⓘ
supportedBy	Group of 77 NERFINISHED ⓘ Non-Aligned Movement NERFINISHED ⓘ
timePeriod	1970s ⓘ

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Indira Gandhi Memorial Trust → awardFor → new international economic order ⓘ

subject surface form: Indira Gandhi Prize

Rethinking the International Order → relatedTo → new international economic order ⓘ

this entity surface form: New International Economic Order