Post Cold War most of the nations around the globe were new to independence and had very little clue on how to establish an economically successful nation. With questions like these NAM had to consider alternate methods to introduce qualitative standard of living for these member nations. Many of the member nations were resourceful but were unvigilant towards establishing economic ties with the developed nations. The Movement played an important role in the support of nations which were struggling then for their independence in the Third World and showed great solidarity with the most just aspirations of humanity. It contributed indisputably to the triumph in the struggle for national independence and decolonization, thus gaining considerable diplomatic prestige.
NAM worked on the purpose to promote and encourage sustainable development through international cooperation and, to that end, jointly coordinate the implementation of political strategies which strengthen and ensure the full participation of all countries, rich and poor, in the international economic relations, under equal conditions and opportunities but with differentiated responsibilities.
The economic development aspirations that followed in the wake of their unstable political independence during the decolonization rush of the 1960s caused the new states of Africa and Asia to start pushing economic development issues higher up the agenda of the UN. NAM was a part of the ensemble of the Third World Project, which created a strong economic option for South-South cooperation, in period of time the movement worked towards getting more strong and self sufficient for the member nations.
The movement is publicly committed to the tenets of sustainable development and the attainment of the Millennium Development Goals, but it believes that the international community has not created conditions conducive to development and has infringed upon the right to sovereign development by each member state. The unilateral economic position got the South-South Support which was one of the initiatives of the NAM which included the bloc of the South in the United Nations (the G77) and the experiments in new kinds of social development in the Global South. In 1973, UN resolution suggested for New International Economic Order (NIEO). Non-alignment as a guiding doctrine surfaced bilateral free trade agreements with the US and Europe came alongside IMF programs for austerity; military deals that allowed US bases on formerly proud anti-colonial soil provided the infrastructure for the emergence of US primacy. The North-South cooperation was one such venture that turned fruitful with support and policies of NAM.
South-South cooperation is a noble way for the developing countries to strengthen their economic independence and achieve complete economic freedom through close economic and technical cooperation. Only when the member would be economically independent can the developing countries free their people from backwardness and poverty, starvation and disease, the consequences of imperialist colonial rule, and consolidate the political independence which they have already won.
Due to South-South cooperation, the developing countries were able to build up sufficient strength to countervail and negotiate with the developed countries, and begin a period favourable to establishing a new international economic order. The nonaligned and developing countries have vast territories rich in raw materials and have acquired valuable experience and expertise in the course of creating a new life.
Under NAM’s guidance Scientific and technical co-operation has enhanced the extraction of resources and by strengthening ties with the developed nation these resources provide qualitative output for the member countries thus raising the standard of living and improving the GDP of the developing nations.
Non-Aligned Movement’s Centre for Science and Technology training programme on minerals processing and beneficiation has played important role in providing economic development for these nations. The movement has succeeded to create a strong front on the International level, representing countries of the third world in the International organizations on top of which the United Nations. Regionalism and multipolarity were at the heart of the 16th Non-Aligned Movement summit. Side deals enhanced regional economic development, and provided the basis for regional political alliances without US primacy. For example, on this summit’s sidelines, Afghanistan, India and Iran began a process to shore up their mutual links through the south-eastern Iranian port of Chabahar. This direct collaboration is exemplary evidence that with the cooperation between developing nation’s economic development can be achieved. NAM is the parent-organization of various groupings of developing nations, which seek to defend their interests in the competition between rich and poor and North and South. For developing countries to cull the fruits of South-South cooperation, it is essential to promote solidarity and coordination between those groupings. Duality and conflict of role and interests should be avoided to prevent a weakened negotiating position facing advanced nations which hold control of international financial and monetary institutions. Moreover, through multilateralism, NAM encourages the exchange of resources within member to eradicate the insufficiency by maintaining balance with nature and bringing peaceful agreements with each other. Respective to the topography of its member states, NAM has ordered to fabricate some protection plans for the unexpected nature’s strike in order to safeguard the situation to the maximum extent.
The Non-Aligned Movement represents the most important and broader framework for coordinating stances of the developing countries regarding the various political, economic, and social issues on the agenda of the United Nations along with supporting collective action in the face of unilateral policies, which constitute a challenge facing the third world countries, the majority of them are members of the movement with polices of NAM incorporating developed and achieving improved GDPs is not much of a task. The Movement has been acting as a platform working on UN agenda to improve the standard of living in the member nations.