The Third World's attempt to reform the international economic order sprang to prominence in the 1970s with the onset of the New International Economic Order (NIEO) negotiators. The demise of the NIEO, global recession and debt crises in the 1980s have pushed global economic reform initiated by Third World states to the back of the international agenda in the 1980s. Nevertheless, in face of Western indifference and hostility and increased economic differentiation and disparity, the Third World coalition has remained in existence. The Group of 77 (G77) is the central instrument through which the developing countries have attempted to transform international regimes in trade and payments. The G77 articulates the interests of over 100 countries and functions as the principal collective negotiating instrument of the developing world in international development diplomacy.
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