Lack of progress in establishing a New International Economic Order


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.

Related UN Sustainable Development Goals:
GOAL 8: Decent Work and Economic GrowthGOAL 10: Reduced InequalityGOAL 16: Peace and Justice Strong Institutions
Problem Type:
F: Fuzzy exceptional problems
Date of last update
04.10.2020 – 22:48 CEST