Q. 94.4( 8 Votes )
NAM was considered a ‘third option’ by Third World countries. How did this option benefit their growth during the peak of the Cold War?
The cold war tended to divide world into two rival alliances, it was then that the Non Aligned Movement offered the newly decolonised countries of Asia, Africa and Latin America a third option i.e. not to join any alliance.
The idea of New International Economic Order (NIEO) benefited the decolonised countries.
1. It gave the least developed countries to control over their natural resources exploited by the Western countries.
2. It obtains access to western Market so that LDC s could sell their products and therefore make trade more beneficial for the poorer countries.
3. It reduce the cost of technology from the western countries
4. It also provide the LDCs with a greater role in international economic institution
Thus the third option helped the new decolonised countries.
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