There are 114 independent countries that are commonly called "developing," all of which belong to an organization known from the number of its original participants in 1964 as "the 77." Over 50 percent of the world's population lives in these countries; by 2000 it will probably be 75 percent (not including the People's Republic of China). Most of these people live in conditions of severe poverty. But a number of countries, principally oil exporters, belong to the 77 even though their people have relatively high average incomes.