2022, Vol. 3, Issue 2, Part C
New international economic order and India as a developing country
Author(s): Dr. Ashok Kumar Mishra
Abstract: Employing secondary sources of data, this paper aims to assess the history, essential elements, objectives, implementation and criticisms against New International Economic Order (NIEO). NIEO is mainly an economic movement happened after World War II with the aim of empowering developing countries politically through economic growth. It also criticizes the existing political and economic system as benefiting developed countries at the cost of developing countries so that a new system is needed that benefits poor countries. However, many criticize NIEO as hypothetical and unorganized movement. Clear division and disagreements among its members are evident. Developing countries failed to form unity, committed to meet the objectives of NIEO, and unable to compete in the market.
Pages: 163-167 | Views: 121 | Downloads: 53
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How to cite this article:
Dr. Ashok Kumar Mishra. New international economic order and India as a developing country. Asian J Manage Commerce 2022;3(2):163-167.