Which one of the following best describes NIEO?
1
It is an economic and political concept that advocates the needs for fundamental changes in the conduct of international trade and economic development.
2
It is a state of extreme unfriendliness existing between two superpowers especially with opposing political system.
3
It refers to a policy of staying out of war and not to help end a war.
4
It refers that both sides have the capacity to retaliate against an attack and to cause so much destruction that neither can afford to initiate war.