The General Assembly adopted the Declaration on the Establishment of a New International Economic Order. Newly independent states argued that political independence without control over trade, resources, finance, and technology left colonial economic inequalities intact. The declaration demanded more equitable global rules, but industrial powers resisted many of its proposals.
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Eventonan Relashoná
What economic issue did the New International Economic Order address?
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Splikashon
Newly independent states argued that political sovereignty required fairer economic rules.
The New International Economic Order called for colonial powers to control more trade and resources.
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Splikashon
It called for fairer global economic arrangements and greater control by developing states.