A recently concluded special session of the General Assembly adopted, for the first time by consensus, a blueprint for the coordination of national and international economic policies. Carefully worded without any reference to the “New International Economic Order,” the session’s declaration nonetheless echoed the NIEO and its principal instrument, the Charter of Economic Rights and Duties of States, which provided: “States should co-operate in facilitating more rational and equitable international economic relations and in encouraging structural changes in the context of a balanced world economy in harmony with the needs and interests of all countries, especially developing countries, and should take appropriate measures to this end.”
