new international economic order

E682710

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.

All labels observed (3)

How this entity was disambiguated

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 ⓘ
criticizedBy United States ⓘ
industrialized countries ⓘ
criticizedFor challenging existing international economic institutions ⓘ
perceived incompatibility with free-market principles ⓘ
discussedAt United Nations General Assembly ⓘ
historicalContext Cold War ⓘ
post-colonial era ⓘ
influencedBy Third Worldism ⓘ
dependency theory ⓘ
structuralist economics ⓘ
keyDocument UN General Assembly Resolution 3201 (S-VI) ⓘ
UN General Assembly Resolution 3202 (S-VI) ⓘ
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 ⓘ
linked to: G77

developing countries ⓘ
proposedInOrganization United Nations ⓘ
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 ⓘ
permanent sovereignty over natural resources ⓘ
right to development ⓘ
status largely unimplemented ⓘ
supportedBy Group of 77 ⓘ
linked to: G77

Non-Aligned Movement ⓘ
timePeriod 1970s ⓘ

How these facts were elicited

Referenced by (4)

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

Indira Gandhi Prize → awardFor → new international economic order ⓘ
subject linked to: Indira Gandhi Memorial Trust
Rethinking the International Order → relatedTo → New International Economic Order ⓘ
linked to: new international economic order
New International Economic Order → alsoKnownAs → NIEO ⓘ
linked to: new international economic order
29th session of the United Nations General Assembly → mainTopic → New International Economic Order ⓘ
linked to: new international economic order