One-Day International Cricket is a relatively recent innovation in cricket, the first-ever game having been played in 1971 between England and Australia in Melbourne. The first game was something of an accident, as the officials supervising the game decided to restrict the number of overs after a long Test game was cancelled.
Much of the ODI rules are owed to the competing World Series Cricket tournament, which attempted to rival the more mainstream cricket organised by the ICC. World Series Cricket was the first one to try to reduce the match duration, which served as a precursor for the modern-day ODI.
ODI and the ICC
The ODI or Limited Overs format came to dominate the ICC World Cup soon since. The rules established by the ICC concerning ODI cricket have been changed on numerous occasions ever since.
As long as ODI has existed in international championships, the ICC has had the authority to grant the ODI status necessary to play. Australia and England were the first teams to have been given the status, as they were the original and first teams ever to play an ODI cricket match, as recognized by the ICC.
New Zealand, Pakistan, and West Indies were granted the status in 1973, and India followed suit in 1974. These were the only teams to have their ODI statuses before ICC World Cup Cricket was established as the leading trophy of global cricket.
While currently, permanent ODI status teams represent full ICC members, this has not always been the case. In fact, permanent ODI status has preceded full membership and has been seen as a route to earning it.
The ICC would, in some circumstances, grant permanent status to associate countries with allowing them the international experience to make the transition into full membership smoother. Bangladesh is a successful example of a team using its ODI status to gain full ICC membership.