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PSIR Optional PYQ Solutions · Model answer

Explain the significance and importance of the demand raised by the developing countries for a New International Economic Order (NIEO). Are they likely to achieve their objectives of NIEO in foreseeable future?

  • UPSC 2020
  • 15 marks
  • Evolution of the International Economic System

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The New International Economic Order (NIEO), adopted by the UN General Assembly's Sixth Special Session on 1 May 1974 (Resolutions 3201 and 3202), was the developing world's claim that decolonisation stayed incomplete until the rules of the world economy were rewritten. It grew from Raúl Prebisch's terms-of-trade critique, UNCTAD (1964) and the Algiers NAM summit…

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What the full answer covers

  • Significance of the demand
  • Why it stalled
  • Prospects in the foreseeable future
  • Conclusion
PSIR Optional PYQ Solutions

PSIR Optional PYQ Solutions

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