The Non-Aligned Movement Fight for the New International Economic Order

Jelisavac Trošić, Sanja (2021) The Non-Aligned Movement Fight for the New International Economic Order. In: The 60th Anniversary of the Non-Aligned Movement. Institute of International Politics and Economics, Belgrade, pp. 193-208. ISBN 978-86-7067-283-3

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Abstract

The New International Economic Order (NIEO), conceived as an idea and need among Non-Aligned countries, formalized through the United Nations Declaration on the Establishment of a New International Economic Order and the Programme of Action on the Establishment of a New International Economic Order, proposed a revolutionary reform of the world economic order established after the Second World War. The crisis of the functioning and development of the world economy during the 1970s led to negative consequences, especially for underdeveloped countries and countries that have just freed themselves from colonialism, and in a world full of divisions, there were thoughts and plans to resolve the general crisis in the world economy and international relations in general. The NIEO called for reformist interventions in international institutions, economic structures and mechanisms to stop treating developing countries as passive subjects of the international economic order, as well as measures to reduce the growing economic gap between developed and developing countries. After the initial success and enthusiasm that reigned among the Non-Aligned Movement, the whole initiative began to fade and give way to new current world crises. Part of the many demands for change that constituted the essence of the NIEO continued their individual lives and with more or less success, with more or less modifications, they found their place in the regulation of economic relations among states. However, each new crisis, which is spreading more and more rapidly among the countries of the whole world, already makes this forgotten initiative modern again.

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