Which factors led to calls for a New International Economic Order (NIEO) in the 1970s?

Question

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The New International Economic Order (NIEO) was called for in the 1970s due to a combination of factors including soaring energy costs, increasing indebtedness among developing countries, and global inflation. These economic challenges highlighted the need for a restructuring of international economic relations to be more favorable to developing nations.

Which Factors Led to Calls for a New International Economic