Question

Explain the role of New International Economic Order

Answer 1

Explanation:

NIEO was a set of proposals put forward during the 1970's by some developing countries through the. UN( UNITED Nations) Conference on Trade and Development to promote their interests.

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Answer 2

Answer:

• THE GROUP OF 77 OR G-77 DEMANDED A NEW INTERNATIONAL ECONOMIC ORDER.
• SHORT FORM NIEO
• ACTUAL CONTROL OVER THEIR NATURAL RESOURCES.
• MORE DEVELOPMENT ASSISTANCE.
• FAIRER PRICES FOR THEIR RAW MATERIALS.
• BETTER ACCESS FOR THEIR MANUFACTURERED GOODS IN DEVELOPED COUNTRIES MARKETS