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Explain the role of New International Economic Order (NIEO).

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The Group of 77 or G-77 demanded a New International Economic Order (NIEO).
By the NIEO they meant a System that would give them:
(i) Actual control over their natural resources.
(ii) More development assistance.
(iii) Fairer prices for their raw materials.
(iv) Better access for their manufactured goods in developed countries' markets

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