ABSTRACT
This chapter discusses three points of New International Economic Order (NIEO): food, foreign aid, and foreign investment. The NIEO plan calls for more foreign aid, referred to euphemistically as “foreign resource transfer”. The NIEO plan also calls for “promotion of foreign investment both public and private from developed to developing countries in accordance with the needs and requirements of their economies as determined by the recipient countries”. Some critics have tried to put the blame on multinational corporations for interfering with food production or for converting prime land to export products. In 1973, the Congress of the United States mandated “new directions” in foreign aid: aid should be aimed at the basic needs of the worlds poorest. Some critics have tried to put the blame on multinational corporations for interfering with food production or for converting prime land to export products.
