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NIEO
(redirected from New International Economic Order)

   Also found in: Wikipedia 0.01 sec.
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NIEONew International Economic Order


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Referring to the global economic meltdown, Mukherjee called for crafting a new international economic order to put economy on a sound footing.
The General Assembly therefore convened its sixth special session on 9 April 1974, during which it adopted the Declaration of the Establishment of a New International Economic Order [resolution 3201 (S-VI)] that listed 20 principles on which the new order should be founded.
Globalization, because of its harmful effects on many developing nations can be referred to as the New International Economic Order (NIEO) of the dominant nations, in reference to the call for a NIEO by the Third World nations in the mid 1970s.
 
 
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