Class 10 Exam > Class 10 Questions > What was the primary focus of the New Interna...
Start Learning for Free
What was the primary focus of the New International Economic Order (NIEO)?
- a)To promote free trade
- b)To give developing countries control over their resources
- c)To eliminate tariffs
- d)To establish a global currency
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
What was the primary focus of the New International Economic Order (NI...
The NIEO sought to give developing nations more control over their economic resources and improve their bargaining power in the global economy.
View all questions of this test
Most Upvoted Answer
What was the primary focus of the New International Economic Order (NI...
Understanding the New International Economic Order (NIEO)
The New International Economic Order (NIEO) emerged in the 1970s as a framework aimed at restructuring global economic relations to favor developing countries.
Primary Focus: Control Over Resources
The central goal of the NIEO was to empower developing nations by giving them control over their natural resources. This focus can be elaborated through the following points:
Conclusion
In summary, the NIEO was rooted in the desire for greater autonomy and control over economic resources for developing countries, making option 'B' the correct answer. This initiative aimed to create a more balanced global economic system that addressed historical inequalities and promoted sustainable development.
The New International Economic Order (NIEO) emerged in the 1970s as a framework aimed at restructuring global economic relations to favor developing countries.
Primary Focus: Control Over Resources
The central goal of the NIEO was to empower developing nations by giving them control over their natural resources. This focus can be elaborated through the following points:
- Resource Sovereignty: Developing countries sought to regain sovereignty over their resources, which had historically been exploited by colonial powers and multinational corporations.
- Equitable Trade Terms: NIEO advocated for fairer trade terms, ensuring that developing nations received better prices for their raw materials compared to what they paid for manufactured goods.
- Technology Transfer: The initiative aimed to facilitate the transfer of technology from developed to developing nations, enabling them to utilize their resources more effectively.
- Increased Development Aid: NIEO called for increased financial assistance and investment from developed countries to support the development efforts of poorer nations.
- Reform of International Financial Institutions: The NIEO proposed reforms in institutions like the International Monetary Fund (IMF) and the World Bank to better reflect the needs and interests of developing countries.
Conclusion
In summary, the NIEO was rooted in the desire for greater autonomy and control over economic resources for developing countries, making option 'B' the correct answer. This initiative aimed to create a more balanced global economic system that addressed historical inequalities and promoted sustainable development.
|
Explore Courses for Class 10 exam
|
|
Top Courses for Class 10View all
Question Description
What was the primary focus of the New International Economic Order (NIEO)?a)To promote free tradeb)To give developing countries control over their resourcesc)To eliminate tariffsd)To establish a global currencyCorrect answer is option 'B'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What was the primary focus of the New International Economic Order (NIEO)?a)To promote free tradeb)To give developing countries control over their resourcesc)To eliminate tariffsd)To establish a global currencyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What was the primary focus of the New International Economic Order (NIEO)?a)To promote free tradeb)To give developing countries control over their resourcesc)To eliminate tariffsd)To establish a global currencyCorrect answer is option 'B'. Can you explain this answer?.
What was the primary focus of the New International Economic Order (NIEO)?a)To promote free tradeb)To give developing countries control over their resourcesc)To eliminate tariffsd)To establish a global currencyCorrect answer is option 'B'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What was the primary focus of the New International Economic Order (NIEO)?a)To promote free tradeb)To give developing countries control over their resourcesc)To eliminate tariffsd)To establish a global currencyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What was the primary focus of the New International Economic Order (NIEO)?a)To promote free tradeb)To give developing countries control over their resourcesc)To eliminate tariffsd)To establish a global currencyCorrect answer is option 'B'. Can you explain this answer?.
Solutions for What was the primary focus of the New International Economic Order (NIEO)?a)To promote free tradeb)To give developing countries control over their resourcesc)To eliminate tariffsd)To establish a global currencyCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10.
Download more important topics, notes, lectures and mock test series for Class 10 Exam by signing up for free.
Here you can find the meaning of What was the primary focus of the New International Economic Order (NIEO)?a)To promote free tradeb)To give developing countries control over their resourcesc)To eliminate tariffsd)To establish a global currencyCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
What was the primary focus of the New International Economic Order (NIEO)?a)To promote free tradeb)To give developing countries control over their resourcesc)To eliminate tariffsd)To establish a global currencyCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for What was the primary focus of the New International Economic Order (NIEO)?a)To promote free tradeb)To give developing countries control over their resourcesc)To eliminate tariffsd)To establish a global currencyCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of What was the primary focus of the New International Economic Order (NIEO)?a)To promote free tradeb)To give developing countries control over their resourcesc)To eliminate tariffsd)To establish a global currencyCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice What was the primary focus of the New International Economic Order (NIEO)?a)To promote free tradeb)To give developing countries control over their resourcesc)To eliminate tariffsd)To establish a global currencyCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Class 10 tests.
|
|
Explore Courses for Class 10 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup