The concept of the new international economic order- an analysis of selected issues

• Main Author: Tselayakgosi, Monica Aleseng
• Format: Others
• Published: DigitalCommons@Robert W. Woodruff Library, Atlanta University Center 1988
• Subjects: Economics
• Online Access: http://digitalcommons.auctr.edu/dissertations/1479; http://digitalcommons.auctr.edu/cgi/viewcontent.cgi?article=3059&context=dissertations

The objective of this thesis was to examine the concept of the New International Economic Order. This was done by providing a back ground statement; examining the legality of the concept; discussing the various elements defining the concept; and describing the following quantitative issues affecting the movement—compensation, borrowing rule, compensatory financing facility, conditionality, emergency fund, structural adjustment facility and buffer stocks. The thesis relied on a literature survey of the material on the NIEO to attain the objective. The following components of the Botswana National Develop ment Plan were examined in the context of the developing world order-- the debt problem, mineral development, economic growth, industry and commerce, regional cooperation, agriculture, structural adjustment, and economic liberalization. The paper draws the following conclusions: 1) Developing countries have fallen into debt and continue to do so. 2) Developing countries have not been able to diversify their economies. 3) Economic growth as was experienced during the development decade has been reversed and stagnation has set in. 4) The necessary industrialization of the developing countries that was anticipated has not occurred. 5) Free trade has not been achieved even though both developed and developing countries agree on the concept. 6) Regional efforts to foster economic cooperation and develop ment have had discouraging results.