what do you understand by g-77 countries ? Bretton woods of string response to g-77 ? where can read this?
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The G-77 can be seen as a reaction to the activities of the Bretton Woods twins the International Monetary Fund and the World Bank because these two institutions were designed to meet the financial needs of industrial and developed countries and did nothing for the economic growth of former colonies and developing...
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The Bretton Woods system is a series of uniform rules and guidelines that have provided the framework for the creation of fixed international exchange rates. Essentially, the agreement called on the new IMF to set the fixed exchange rate for currencies around the world.Website.
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