Chapter 3

NCERT
Class 10
History
Solutions
4. Explain what is referred to as the G-77 countries. In what ways can G-77 be seen as a reaction to the activities of the Bretton Woods twins?

Question:

Discuss

Explain what is referred to as the G-77 countries. In what ways can G-77 be seen as a reaction to the activities of the Bretton Woods twins?

Answer:

The G-77 countries refer to a group of developing countries which did not benefit from their fast growth in the 1950s and 1960s. By organising G-77 they demanded a new international economic order (NIEO). By the NIEO they meant a system that would give them real control over their natural resources, more development assistance, fairer prices for raw materials, and better access for their manufactured goods in developed countries’ markets. Thus, G-77 can be seen as a reaction to the activities of the Bretton Woods twins.

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