Question

why did group 77 countries demand a new international economics order? explain​

Answer 1

they ldcs or the countries associated with NAM started the policy of nieo this was proposed to :

1.provide eastern countries(backward) place in western market

2.to help LDC to establish a stable economy

3.NAM was worried about the development of ldcs it wanted to establish a connection between the developed and developing countries

4.provide LDC greater role in international economic institutions

5.to have control over resources exploited by the colonial masters.