Answer:
(i) Most developing
countries did not benefit from the fast growth the Western economics
experienced in the 1950's and 1960's.
(ii) Therefore, they
organized themselves into a group?the Group of 77 or G-77 to demand a new
international economic order (NIEO).
(iii) NIEO means a
system that would give them real control over their natural resources, fair
prices for raw materials and better access for their manufactured goods in
developed countries' markets.
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