Question

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What was G-77? What were their demands and features?​

Answer 1

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G-77 or Group of 77 refers to the seventy-seven developing countries that did not benefit from the fast growth western economies experienced in 1950s and 1960s.

So, they organized themselves into G-77.

They demanded :

(i) A new international economic order that would give them real control over their natural resources.

(ii) More development assistance.

(iii) Fairer prices for raw material and

(iv) Better access for their manufactured goods in developed countries' markets.

Answer 2

Answer:

The Group of 77 (G77) at the United Nations is a coalition of 135 developing nations, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations. There were 77 founding members of the organization, but by November 2019 the organization had since expanded to 135 member countries (including China).Since China participates in the G77 but does not consider itself to be a member, all official statements are issued in the name of The Group of 77 and China.

Egypt held the Chairmanship for 2018. Palestine, an observer state of the United Nations, is the chair of the group since January 2019.

Egypt held the Chairmanship for 2018. Palestine, an observer state of the United Nations, is the chair of the group since January 2019.The group was founded on 15 June 1964, by the "Joint Declaration of the Seventy-Seven Countries" issued at the United Nations Conference on Trade and Development (UNCTAD).The first major meeting was in Algiers in 1967, where the Charter of Algiers was adopted and the basis for permanent institutional structures was begun under the leadership of Raul Prebisch who had previously worked at ECLA.[5] There are Chapters of the Group of 77 in Geneva (UN), Rome (FAO), Vienna (UNIDO), Paris (UNESCO), Nairobi (UNEP) and the Group of 24 in Washington, D.C. (International Monetary Fund and World Bank).