The New International Economic Order

The gap between wealthy people and the poor in the new international economic order is increasing day by day. In order to solve this problem some measures need to be taken. In 1974, members of the third world gathered in the United Nations. Their purpose is to find the answer to the gap between the rich and the poor. A total of 77 members introduced NIEO in hopes that this will resolve the gap. NIEO represents a new international economic order. The aim is to bring together rich countries and poor countries to discuss issues that can shorten the gap.

What is the New International Economic Order (NIEO)? NIEO was the most widely discussed international governance reform initiative in the 1970s as the subject of the UN Declaration of 1974 (reprinted as a special issue for humanity). Its basic goal is to change the governance of the world economy and transform the interests of more international integration into "developing countries" - complete the geopolitical process of colonialization and truly become a sovereign state democracy It is to establish a global world order.

When the United Kingdom's John Maynard Keynes and the American Harry Dexter White established the new international economic order with the steering of World War II in 1944, the future rule of international trade established the hegemonic power of the West It was. The world is a guardian of the system. One factor that led to the recognition that a new system was necessary was the collapse of the international economic order caused by World War II and the Great Depression. One of the main goals of the conference to establish a new international economic order is to establish a system to ensure that countries do not withdraw from international trade due to the financial crisis. International trade is a prerequisite for a sound and vibrant international economic order, one of the lessons learned from World War II and the Great Depression.