| | LIEO v. NIEO (Site not responding. Last check: 2007-11-03) |
 | | NIEO (New International Economic Order, 1970s) proposed by developing states who argued that they were at a disadvantaged position in free trade vis-à-vis Western Europe, Great Britain and the states of the commonwealth (Canada, New Zealand, Australia) and the United States and Japan. |
 | | Return to one of the basic arguments for free trade, the LIEO and GATT: comparative advantage and the international division of labor. |
 | | While most developed states (and former colonial powers) had already achieved economies of scale and development, poor states were still trying to break out from export-led development that was usually based on single-exports. |
| www.ilstu.edu /~jawebbe/POS%20151/lieovnieo.htm (517 words) |