Question

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 1

Answer:

Here are some points to well explain this question:

• The Bretton Woods Twins-IMF and World Bank were dominated by former colonial powers. As a result, most developing countries did not benefit from the rapid growth that Western economies had experienced in the 1950s and 1960s. Therefore, they organized themselves as a group of 77 of the G77 for seeking new international economic order.
• The former colonial powers exploited natural resources for developing countries through IMF and World Bank.
• Developing countries organize themselves in G-77 to gain actual control over their natural resources.
• They wanted to get more development assistance and reasonable prices for raw materials.
• They also wanted a better opportunity for their manufactured goods in the markets of developed countries.

Answer 2

here is ur answer-⏬⏬

(ɪ) ᴛʜᴇ ʙʀᴇᴛᴛᴏɴ ᴡᴏᴏᴅs ᴛᴡɪɴs - ᴛʜᴇ ɪᴍғ ᴀɴᴅ ᴛʜᴇ ᴡᴏʀʟᴅ ʙᴀɴᴋ ᴡᴇʀᴇ ᴅᴏᴍɪɴᴀᴛᴇᴅ ʙʏ ᴛʜᴇ ғᴏʀᴍᴇʀ ᴄᴏʟᴏɴɪᴀʟ ᴘᴏᴡᴇʀs ᴀs ᴀ ʀᴇsᴜʟᴛ, ᴍᴏsᴛ ᴅᴇᴠᴇʟᴏᴘɪɴɢ ᴄᴏᴜɴᴛʀɪᴇs ᴅɪᴅ ɴᴏᴛ ʙᴇɴᴇғɪᴛ ғʀᴏᴍ ᴛʜᴇ ғᴀsᴛ ɢʀᴏᴡᴛʜ ᴛʜᴀᴛ ᴛʜᴇ ᴡᴇsᴛᴇʀɴ ᴇᴄᴏɴᴏᴍɪᴇs ᴇxᴘᴇʀɪᴇɴᴄᴇᴅ ɪɴ ᴅɪᴇ 1950s ᴀɴᴅ 1960s. sᴏ. ᴛʜᴇʏ ᴏʀɢᴀɴɪsᴇᴅ ᴛʜᴇᴍsᴇʟᴠᴇs ᴀs ᴀ ᴄʀᴏᴜᴘ - ᴛʜᴇ ɢʀᴏᴜᴘ ᴏғ 77 ᴏғ ɢ-77 ᴛᴏ ᴅᴇᴍᴀɴᴅ ᴀ ɴᴇᴡ ɪɴᴛᴇʀɴᴀᴛɪᴏɴᴀʟ ᴇᴄᴏɴᴏᴍɪᴄ ᴏʀᴅᴇʀ.

(ɪɪ) ғᴏʀᴍᴇʀ ᴄᴏʟᴏɴɪᴀʟ ᴘᴏᴡᴇʀs ᴇxᴘʟᴏɪᴛᴇᴅ ᴛʜᴇ ɴᴀᴛᴜʀᴀʟ ʀᴇsᴏᴜʀᴄᴇs ғᴏʀ ᴅᴇᴠᴇʟᴏᴘɪɴɢ ɴᴀᴛɪᴏɴs ᴛʜʀᴏᴜɢʜ ᴛʜᴇ ɪᴍғ ᴀɴᴅ ᴛʜᴇ ᴡᴏʀʟᴅ ʙᴀɴᴋ.

(ɪɪɪ) ᴛʜᴇ ᴅᴇᴠᴇʟᴏᴘɪɴɢ ɴᴀᴛɪᴏɴs ᴏʀɢᴀɴɪsᴇᴅ ᴛʜᴇᴍsᴇʟᴠᴇs ɪɴᴛᴏ ɢ-77 sᴏ ᴀs ᴛᴏ ɢᴀɪɴ ʀᴇᴀʟ ᴄᴏɴᴛʀᴏʟ ᴏᴠᴇʀ ᴛʜᴇɴ ɴᴀᴛᴜʀᴀʟ ʀᴇsᴏᴜʀᴄᴇs.

(ɪᴠ) ᴛʜᴇʏ ᴡᴀɴᴛᴇᴅ ᴛᴏ ɢᴇᴛ ᴍᴏʀᴇ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ᴀssɪsᴛᴀɴᴄᴇ ᴀɴᴅ ғᴀɪʀᴇʀ ᴘʀɪᴄᴇs ᴛᴏʀ ʀᴀᴡ ᴍᴀᴛᴇʀɪᴀʟs.

(ᴠ) ᴛʜᴇʏ ᴀʟsᴏ ᴡᴀɴᴛᴇᴅ ᴀ ʙᴇᴛᴛᴇʀ ᴏᴘᴘᴏʀᴛᴜɴɪᴛʏ ғᴏʀ ᴛʜᴇɪʀ ᴍᴀɴᴜғᴀᴄᴛᴜʀᴇᴅ ɢᴏᴏᴅs ɪɴ ᴛʜᴇ ᴍᴀʀᴋᴇᴛs ᴏғ ᴅᴇᴠᴇʟᴏᴘᴇᴅ ɴᴀᴛɪᴏɴs.