HistoryNIEO was demanded by G-[[1]] .

NIEO was demanded by G-[[1]] .


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    NIEO was demanded by G-77.
    Most developing nations did not profit from the Western economy's explosive expansion in the 1950s and 1960s. As a result, they formed the Group of 77 (also known as the G-77) to seek a new global economic system (NIEO). By "NIEO," they meant a system that would give them effective sovereignty over their natural resources, more support for international development, more equitable prices for raw materials, and better access for their produced goods to markets in richer nations.
     
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