The New International Economic Order Essay -- Economy Economics Essays

The New International Economic Order The gap between the rich and the poor is growing more and more every day. Something has got to be done to solve this issue. In 1974 members of the Third World gathered together at the United Nations. Their purpose was to find the answers to solve the gap between the rich and the poor. A total of seventy-seven members proposed the NIEO, hoping this might solve the gap. The NIEO stands for the New International Economic Order. Its aim was to bring the rich and the poor countries together to discuss issues that might bring the gap closer together. The negotiations of the NIEO were called the North and the South Dialog. Eighteen clauses made up the NIEO. These clauses were the changes that the Group of 77 desired. One of the clauses stated that each state would be free to determine their own economic and political system. Unfortunately this did not happen due to the fact that rich countries have taken it among themselves to determine what is right for poor countries. The poor countries do not have a say in what they want. The second clause stated that each state it to control their own natural resources. This means that rich countries will no longer be able to control poor countries natural resources like they had been doing. This causes a huge problem with rich countries who gather natural resources from these countries and the corporations who make money off of the natural resources. The rich countries do not like to see this take place. One example has to do with Chili and their copper. The copper of Chili is controlled by IT&T. During a presidential election in 1970, a man by the name of Allende said that if he was elected he would nationalize the copper. He was soon elected and then... ...ms. One example deals with the AIDS epidemic in Ghauna. Twenty-five percent of the people in Ghauna have the AIDS virus. The AIDS virus is spreading even faster in the Third World Countries because of the lack of modern technology. The Third World Countries feel if the United States finds a shot that will prevent AIDS, the shot should be a Heritage of Mankind which means everyone will be intitled to it. The United States says no because they did the research and spent the time and money. Overall, the Group of 77 had very good intentions. They saw that there needed to be something done to help solve the gap between the rich and the poor. The only problem is that the rich countries are far to ahead of the game. They will not allow many of the proposals to go into action. This leads to an even larger gap between the rich and the poor that is still on the increase.