What is NIEO?Explain any 5 points.
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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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1. The Group of 77 or G-77 demanded a New International Economic Order (NIEO).
2 By NIEO they meant by a system that would give them real control over their natural resources.
3. More developmental assistance.
4. Fairer prices for their raw materials.
5. Better access for their manufactured goods in he developed countries' markets.
2 By NIEO they meant by a system that would give them real control over their natural resources.
3. More developmental assistance.
4. Fairer prices for their raw materials.
5. Better access for their manufactured goods in he developed countries' markets.
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