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:

When you see an "All of the above" option in history or political science questions, verify at least two options. If two are definitely correct, the answer is almost always "All of the above."

Answer 1

The Correct Option is D

Concept: The New International Economic Order (NIEO) was a set of proposals advocated by developing nations to improve their position in the global economy and reduce their dependence on developed countries. It emerged primarily from the Non-Aligned Movement (NAM) and was formalized through United Nations reports.

Step 1: Evaluating the components of the NIEO framework.

• UNCTAD Report 1972: The United Nations Conference on Trade and Development (UNCTAD) brought out a report titled Towards a New Trade Policy for Development, which outlined the need for reform in the global trade system.
• LDCs: The acronym refers to Least Developed Countries, which were the primary focus and advocates of the NIEO.
• Primary Aim: One of the core tenets of the NIEO was to grant LDCs sovereign control over their natural resources, which were often exploited by developed Western nations. Since all three components correctly describe the history, terminology, and goals of the NIEO, option (D) is the correct choice.