The New International Economic Order (NIEO) was a response by developing countries to address the inequalities and imbalances in the global economic system. Which of the following principles was NOT a central component of the NIEO?

1
Redistribution of wealth and resources from the North to the South
2
Sovereignty over natural resources and control of multinational corporations
3
Equal participation and decision-making power in international economic institutions
4
Promotion of free trade and deregulation to stimulate economic growth in developing countries
5
Question Not Attempted

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