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Which of the following statements about the NIEO is false?
- a)Give the LDCs control over their naturalresources.
- b)Obtain access to western markets.
- c)Reduce the cost of technology from westerncountries.
- d)Provide the developed countries with a greaterrole in international economic institutions.
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Which of the following statements about the NIEO is false?a)Give the L...
The crucial aim of the NIEO is to promote economic development among the poor countries through self- help and South- South cooperation. The NIEO intends to deal with the major problems of the South, such as balance of payments disequilibrium, debt crisis, exchange scarcity etc.
Most Upvoted Answer
Which of the following statements about the NIEO is false?a)Give the L...
Explanation:
The New International Economic Order (NIEO) was a set of proposals put forward by developing countries in the 1970s as a response to the existing global economic system, which they believed was biased against their interests. The NIEO aimed to address the inequalities and imbalances in the global economy and promote the economic development of developing countries.
False Statement:
The false statement is option 'D': Provide the developed countries with a greater role in international economic institutions.
Explanation:
The NIEO sought to shift power and control over international economic institutions from developed countries to developing countries. It aimed to give developing countries a greater say in decision-making processes and a more equal role in shaping global economic policies. The NIEO aimed to promote the economic sovereignty of developing countries and reduce the influence of developed countries in international economic institutions.
The other statements are true:
a) Give the LDCs control over their natural resources:
The NIEO aimed to give developing countries, particularly the Least Developed Countries (LDCs), control over their natural resources. This was seen as essential for their economic development and reducing their dependency on developed countries.
b) Obtain access to western markets:
The NIEO aimed to address the trade imbalances between developed and developing countries. It sought to provide developing countries with better access to western markets, reducing trade barriers and promoting fair trade practices.
c) Reduce the cost of technology from western countries:
The NIEO recognized the importance of technology for economic development. It aimed to reduce the cost of technology transfer from developed countries to developing countries, making it more accessible and affordable for developing countries.
In conclusion, the false statement is option 'D': Provide the developed countries with a greater role in international economic institutions. The NIEO sought to shift power and control from developed countries to developing countries in international economic institutions.
The New International Economic Order (NIEO) was a set of proposals put forward by developing countries in the 1970s as a response to the existing global economic system, which they believed was biased against their interests. The NIEO aimed to address the inequalities and imbalances in the global economy and promote the economic development of developing countries.
False Statement:
The false statement is option 'D': Provide the developed countries with a greater role in international economic institutions.
Explanation:
The NIEO sought to shift power and control over international economic institutions from developed countries to developing countries. It aimed to give developing countries a greater say in decision-making processes and a more equal role in shaping global economic policies. The NIEO aimed to promote the economic sovereignty of developing countries and reduce the influence of developed countries in international economic institutions.
The other statements are true:
a) Give the LDCs control over their natural resources:
The NIEO aimed to give developing countries, particularly the Least Developed Countries (LDCs), control over their natural resources. This was seen as essential for their economic development and reducing their dependency on developed countries.
b) Obtain access to western markets:
The NIEO aimed to address the trade imbalances between developed and developing countries. It sought to provide developing countries with better access to western markets, reducing trade barriers and promoting fair trade practices.
c) Reduce the cost of technology from western countries:
The NIEO recognized the importance of technology for economic development. It aimed to reduce the cost of technology transfer from developed countries to developing countries, making it more accessible and affordable for developing countries.
In conclusion, the false statement is option 'D': Provide the developed countries with a greater role in international economic institutions. The NIEO sought to shift power and control from developed countries to developing countries in international economic institutions.
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Which of the following statements about the NIEO is false?a)Give the LDCs control over their naturalresources.b)Obtain access to western markets.c)Reduce the cost of technology from westerncountries.d)Provide the developed countries with a greaterrole in international economic institutions.Correct answer is option 'D'. Can you explain this answer?
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Which of the following statements about the NIEO is false?a)Give the LDCs control over their naturalresources.b)Obtain access to western markets.c)Reduce the cost of technology from westerncountries.d)Provide the developed countries with a greaterrole in international economic institutions.Correct answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Which of the following statements about the NIEO is false?a)Give the LDCs control over their naturalresources.b)Obtain access to western markets.c)Reduce the cost of technology from westerncountries.d)Provide the developed countries with a greaterrole in international economic institutions.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements about the NIEO is false?a)Give the LDCs control over their naturalresources.b)Obtain access to western markets.c)Reduce the cost of technology from westerncountries.d)Provide the developed countries with a greaterrole in international economic institutions.Correct answer is option 'D'. Can you explain this answer?.
Which of the following statements about the NIEO is false?a)Give the LDCs control over their naturalresources.b)Obtain access to western markets.c)Reduce the cost of technology from westerncountries.d)Provide the developed countries with a greaterrole in international economic institutions.Correct answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Which of the following statements about the NIEO is false?a)Give the LDCs control over their naturalresources.b)Obtain access to western markets.c)Reduce the cost of technology from westerncountries.d)Provide the developed countries with a greaterrole in international economic institutions.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements about the NIEO is false?a)Give the LDCs control over their naturalresources.b)Obtain access to western markets.c)Reduce the cost of technology from westerncountries.d)Provide the developed countries with a greaterrole in international economic institutions.Correct answer is option 'D'. Can you explain this answer?.
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Which of the following statements about the NIEO is false?a)Give the LDCs control over their naturalresources.b)Obtain access to western markets.c)Reduce the cost of technology from westerncountries.d)Provide the developed countries with a greaterrole in international economic institutions.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Which of the following statements about the NIEO is false?a)Give the LDCs control over their naturalresources.b)Obtain access to western markets.c)Reduce the cost of technology from westerncountries.d)Provide the developed countries with a greaterrole in international economic institutions.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Which of the following statements about the NIEO is false?a)Give the LDCs control over their naturalresources.b)Obtain access to western markets.c)Reduce the cost of technology from westerncountries.d)Provide the developed countries with a greaterrole in international economic institutions.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
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