New International Economic Order: Difference between revisions
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The '''New International Economic Order''' ('''NIEO''') is a set of proposals adopted by the [[United Nations]] in 1974. It calls for [[commodity]] [[Cartel|cartels]], increased industrialization, control of international corporations, more just monetary policy, and a UN commitment to economic and human rights.<ref name=":1222">{{Citation|author=[[Vijay Prashad]]|year=2008|title=The Darker Nations: A People's History of the Third World|chapter= | The '''New International Economic Order''' ('''NIEO''') is a set of proposals adopted by the [[United Nations]] in 1974. It calls for [[commodity]] [[Cartel|cartels]], increased industrialization, control of international corporations, more just monetary policy, and a UN commitment to economic and human rights.<ref name=":1222">{{Citation|author=[[Vijay Prashad]]|year=2008|title=The Darker Nations: A People's History of the Third World|chapter=New Delhi|page=211–4|pdf=https://cloudflare-ipfs.com/ipfs/bafykbzaceascnzh26r5d6uitjjs2z7rflhaxlt7rboz5whzdf76qg6xxvecqq?filename=%28A%20New%20Press%20People%27s%20history%29%20Vijay%20Prashad%20-%20The%20darker%20nations_%20a%20people%27s%20history%20of%20the%20third%20world-The%20New%20Press%20%282008%29.pdf|publisher=The New Press|isbn=9781595583420|lg=https://libgen.rs/book/index.php?md5=9B40B96E830128A7FE0E0E887C06829F}}</ref> | ||
The NIEO arose amidst the [[Organization of the Petroleum Exporting Countries|OPEC]] oil strike of 1973, the subsequent quadrupling of oil prices, <ref>{{Citation|author=Vijay Prashad|year=2012|title=The Poorer Nations: A Possible History of the Global South|chapter=The Demise of Northern Atlantic Liberalism|quote="A few years later, in 1973, the Third World Project mounted its | The NIEO arose amidst the [[Organization of the Petroleum Exporting Countries|OPEC]] oil strike of 1973, the subsequent quadrupling of oil prices, <ref>{{Citation|author=Vijay Prashad|year=2012|title=The Poorer Nations: A Possible History of the Global South|chapter=The Demise of Northern Atlantic Liberalism|quote="A few years later, in 1973, the Third World Project mounted its | ||
Revision as of 08:32, 3 July 2023
The New International Economic Order (NIEO) is a set of proposals adopted by the United Nations in 1974. It calls for commodity cartels, increased industrialization, control of international corporations, more just monetary policy, and a UN commitment to economic and human rights.[1]
The NIEO arose amidst the OPEC oil strike of 1973, the subsequent quadrupling of oil prices, [2] and calls among underdeveloped nations for new relationships between raw materials producing countries and extracting nations. [3] The project of the NIEO collapsed with the failures of Atlantic liberalism and the Third World Project in the face of neoliberalism. [1]
References
- ↑ 1.0 1.1 Vijay Prashad (2008). The Darker Nations: A People's History of the Third World: 'New Delhi' (pp. 211–4). [PDF] The New Press. ISBN 9781595583420 [LG]
- ↑ “"A few years later, in 1973, the Third World Project mounted its
major assault against neo-colonialism, as oil prices quadrupled and
its demand for a New International Economic Order (NIEO) came to
the UN General Assembly"”
Vijay Prashad (2012). The Poorer Nations: A Possible History of the Global South: 'The Demise of Northern Atlantic Liberalism'. Verso. doi: 10.1177/0309816813505282 [HUB] - ↑ UN. General Assembly (6th special sess. : 1974) (1974-05-02). Resolutions adopted by the General Assembly during its 6th special session United Nations Digital Library. Archived from the original. Retrieved 2023-07-03.