Question

what is nieo,define it

Answer 1

The New International Economic Order(NIEO) was a set of proposals put forward during the 1970s by some developing countries through the United Nations Conference on Trade and Development to promote their interests by improving their terms of trade, increasing development assistance, developed-country tariff reductions ....

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Answer 2

New International Economic Order.

Most of the developing countries did not benefit form the fast growth the Western economics experienced in the 1950s and 1960s.

Therefore they organised themselves as G-77 of Group of 77 to demand NIEO.

By the NIEO they meant a system of that would give them real control over their natural resources and better access for their manufactured goods.

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