Explain the role of New International Economic Order (NIEO). -SST 10th

Explain the role of New International Economic Order (NIEO). -SST 10th
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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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