Abstract
The demands of the less developed countries (LDCs) for a fundamental reform of the economic, commercial and financial relationships between themselves and the rich, developed economies have dominated international affairs for the past three years. In April–May 1974, the sixth Special Session of the General Assembly of the United Nations called for the establishment of a New International Economic Order (NIEO) and similar appeals have been made on a large number of occasions since then. 1976 was marked by UNGTAD IV meeting in Nairobi, Kenya in May and the commencement of the deliberations of the Conference on International Economic Co-operation (the so-called North-South Conference) meeting in Paris, originally scheduled to end in December 1976, but reconvened for a final session at the end of May 1977
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