Seminar On the Effects of the Existing Unjust International Economic Order On the Economies of the Developing Countries and the Obsta Cle That This Represents for the Implementation of Human Rights and Fundamental Freedoms

1980 ◽  
Vol 11 (4) ◽  
pp. 401-404
Keyword(s):  
International Economic ◽  
Developing Countries ◽  
Human Rights ◽  
International Economic Order ◽  
Economic Order ◽  
Fundamental Freedoms

scholarly journals New International Economic Order (NIEO): Origin, Elements and Criticisms

2017 ◽  
Vol 4 (3) ◽  
pp. 22
Author(s):  
Fesseha Mulu Gebremariam
Keyword(s):  
Economic Growth ◽  
International Economic ◽  
Developing Countries ◽  
International Economic Order ◽  
Developed Countries ◽  
Economic Order ◽  
Poor Countries ◽  
Secondary Sources ◽  
The Cost ◽  
New System

Employing secondary sources of data this paper aims to assess the history, elements, and criticisms against New International Economic Order (NIEO). NIEO is mainly an economic movement happened after WWII 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 is evident. Developing countries failed to form unity, committed to meet the objectives of NIEO, and unable to compete in the market.

Key Elements of the New International Economic Order

2018 ◽  
Keyword(s):  
International Economic ◽  
Developing Countries ◽  
Central Bank ◽  
Market Access ◽  
International Economic Order ◽  
Economic Order ◽  
New Order ◽  
Goods And Services ◽  
World Economic ◽  
World Economic Order

In the chapter, Mahbub ul Haq spells out his ideas for the key elements in the new international economic order. He points towards creation of key institutions that need to be created for bringing about the new order—a single world development authority to ensure global equality of opportunity; an international central bank, for creation and regulation of international currency; an international trade organization to ensure greater market access for developing countries, for more control over trading infrastructure and for free movement of labour and other goods and services; and a world food authority to ensure that food is available to all. To him the creation of an international central bank, which allows developing countries to control some of the sources of finance, was crucial for the restructuring of the world economic order.

scholarly journals Business and Human Rights: The Evolving International Agenda

2007 ◽  
Vol 101 (4) ◽  
pp. 819-840 ◽  
Author(s):  
John Gerard Ruggie
Keyword(s):  
International Economic ◽  
Developing Countries ◽  
Human Rights ◽  
United Nations ◽  
Global Governance ◽  
International Economic Order ◽  
Transnational Corporations ◽  
Soviet Bloc ◽  
Industrialized Countries ◽  
Business And Human Rights

The state-based system of global governance has struggled for more than a generation to adjust to the expanding reach and growing influence of transnational corporations. The United Nations first attempted to establish binding international rules to govern the activities of transnationals in the 1970s. That endeavor was initiated by developing countries as part of a broader regulatory program with redistributive aims known as the New International Economic Order. Human rights did not feature in this initiative. The Soviet bloc supported it while most industrialized countries were opposed. Negotiations ground to a halt after more than a decade, though they were not formally abandoned until 1992.

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