Towards+a+New+International+Economic+Order

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 * More points to consider on the issue**
 * The New International Economic Order was an initiative that began in 1974.
 * The UN adopted a resolution that declared the establishment of a New International Economic Order to officially commence it.
 * It is meant to deal with some of the most dire problems within the global economy.
 * It is being based on equity, sovereign equality and interdependence among others.
 * This is a digital copy of the resolution; http://www.un-documents.net/s6r3201.htm
 * What the international community has already done**


 * Country's point of view**
 * Seeing as the NIEO gives the right to nationalize foreign property as one of its principles, Colombia may be a bit uneasy toward this because Venezuela has nationalized Colombian companies in the past.


 * Further steps that should be taken towards this issue**
 * Countries need to invest in the EU to prevent it from complete economic decimation.

Clauses: __Encourages__ all countries to adopt a free market economy by January 11th, 2013 which will create opportunities for a. LEDC's to access markets readily available to MEDC's. This will: i. Help stimulate their economy ii. Create multiple opportunities for LEDC's to acquire the goods that they need without limitation or need for subsidization iii. Ultimately prevent the rich from becoming richer and the poorer from becoming poorer and instead close the economic gap between LEDC's and MEDC's. b. Create a steady, free flow of goods, capital and labor between all nations c. Fuel a growth in the economy which will yield long-term benefits, while equalizing all countries in terms of economic standing.