Problem
Lack of progress in establishing a New International Economic Order
Nature:
A call for a New International Economic Order to allow structural change in the world economy was adopted at the sixth special session of the United Nations General Assembly in 1974. The Declaration of the New International Economic Order enunciates principles covering a wide range of issues including commodities, natural resources, tariffs and monetary reform. The general lack of progress in this respect is due both to the limited economic and political leverage of developing countries, and to the perception among developed countries that the structural changes proposed in the creation of the New International Economic Order are at best irrelevant or, at worst, a constraint upon their ability to cope with economic problems.
Narrower Problems:
International economic fragmentationFaltering structural adjustment in the world economy Aggravates:
International economic injustice Strategies:
Reforming Gross Domestic ProductIncreasing international economic cooperationModernizing world socio-economic orderAbstaining from progress in establishing New International Economic Order Subject(s):
Societal Problems → ScarcityEconomics → Economic
International Relations → World order
Development → Progress
Related UN Sustainable Development Goals:
Problem Type:
F: Fuzzy exceptional problems Date of last update
04.10.2020 – 22:48 CEST