What is meant by the New International Economic Order?
Correct answer: B. An unsuccessful campaign for reforms made by developing countries in the 1970s
- A. A liberal order that the west formed through the World Bank, IMF and GATT
- B. An unsuccessful campaign for reforms made by developing countries in the 1970s
- C. A successful campaign for reforms made by developing countries in the 1970s
- D. None of the above
Explanation
The New International Economic Order was a 1970s campaign by developing countries for fairer trade, finance and control over resources. It did not achieve its major reform objectives, so it is generally regarded as unsuccessful.
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Practise International Political Economy
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