Explain the role of New International Economic Order (NIEO). – InterviewSolution

1.	Explain the role of New International Economic Order (NIEO).
Answer» The Group of 77 or G-77 demanded a New International Economic Order (NIEO). By the NIEO they meant a System that would give them: (i) Actual control over their natural resources. (ii) More development assistance. (iii) Fairer prices for their raw materials. (iv) Better access for their manufactured goods in developed countries' markets

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