20th century
Global
The New International Economic Order was an international economic program promoted through the United Nations in 1974 to benefit developing countries. The OAU enthusiastically supported the appeal during the 1970s, connecting Pan-African economic diplomacy with wider demands for improved terms of trade and a restructuring of global economic relations.
Continue exploring
The Story
The New International Economic Order emerged in the extract as a United Nations call issued in 1974 on behalf of developing countries. Its significance for African diplomacy lay in the possibility of improving the international economic conditions that had kept many African states dependent on primary commodities, foreign markets, and imported energy.
The OAU followed the UN appeal enthusiastically during the 1970s. This support formed part of a broader Pan-African effort to obtain better terms of trade and to strengthen the bargaining position of developing countries. It also complemented regional initiatives such as the planned expansion of inter-African trade and the creation of common economic arrangements.
The initiative did not, by itself, resolve the structural problems facing African economies. Commodity-price gains proved temporary, oil-price increases harmed oil-importing states, and African institutions struggled to convert collective aspirations into effective economic integration. The New International Economic Order therefore represented an important diplomatic objective rather than a completed transformation.
20th century
Global
The New International Economic Order was an international economic program promoted through the United Nations in 1974 to benefit developing countries. The OAU enthusiastically supported the appeal during the 1970s, connecting Pan-African economic diplomacy with wider demands for improved terms of trade and a restructuring of global economic relations.
Continue exploring
The Story
The New International Economic Order emerged in the extract as a United Nations call issued in 1974 on behalf of developing countries. Its significance for African diplomacy lay in the possibility of improving the international economic conditions that had kept many African states dependent on primary commodities, foreign markets, and imported energy.
The OAU followed the UN appeal enthusiastically during the 1970s. This support formed part of a broader Pan-African effort to obtain better terms of trade and to strengthen the bargaining position of developing countries. It also complemented regional initiatives such as the planned expansion of inter-African trade and the creation of common economic arrangements.
The initiative did not, by itself, resolve the structural problems facing African economies. Commodity-price gains proved temporary, oil-price increases harmed oil-importing states, and African institutions struggled to convert collective aspirations into effective economic integration. The New International Economic Order therefore represented an important diplomatic objective rather than a completed transformation.