Question

Identify the correct pair regarding the 'New International Economic Order' (NIEO):

• A. UNCTAD Report 1972: "Towards a New Trade Policy for Development"
• B. LDCs: Least Developed Countries
• C. Aim: To give LDCs control over their natural resources
• D. All of the above are correct

Hint:

NIEO = Economic Justice for LDCs. If the options talk about helping poor countries control their resources, they are usually correct.

Answer 1

The Correct Option is D

Step 1: Concept
NIEO was a set of proposals put forward during the 1970s by developing nations to promote their economic interests.

Step 2: Meaning
It sought to change the international economic system in favor of Least Developed Countries (LDCs).

Step 3: Analysis 1. UNCTAD did release a report in 1972 titled "Towards a New Trade Policy for Development." 2. LDC is the standard abbreviation for Least Developed Countries. 3. A core aim of NIEO was indeed to give these countries sovereignty and control over their own natural resources.

Step 4: Conclusion
Since all statements accurately describe facets of the NIEO, "All of the above" is the correct answer. Final Answer: (D)