Does NIEO was just an idea that never became an order?

The New International Economic Order (NIEO) was more than just an idea; it represented a movement initiated in the 1970s by developing countries seeking to reform global economic systems to promote more equitable growth and development. While it did not fully materialize as a comprehensive framework, elements of the NIEO influenced international debates and policies, leading to some reforms in trade, finance, and development assistance. However, many of its ambitious goals remained unfulfilled due to political resistance and differing priorities among nations. Thus, while NIEO's immediate impact was limited, its legacy continues to resonate in discussions about global economic justice.