Threat To Development: Pitfalls Of The Nieo

Far from transferring resources from the rich to the poor, as intended, the New International Economic Order (NIEO)—if fully implemented—is more likely to transfer them from the poor to the rich. Thus assert the authors, who present their analysis of trade and investment data in support of their conclusions. The NIEO, a program adopted by the United Nations, proposes increased prices of primary products, tariff preferences for exports of less developed countries to the industrial world, a c...