Question

What is G-77 and its work? Explain in points.​

Answer 1

ANSWER

G-77 is the group of 77 countries who demanded NIEO(New international Economic Order) as they were not having gains from the Bretton Woods Institution (World Bank and International Monetary Fund).

They formed NIEO because =>

1)They wanted to have better access as control on their natural resources.

2)They wanted to have better trade facilities and more industrial development.

3)They wanted to have fairer prices of goods and services.

4)Also Better access to the manufactured goods in developed countries.

Answer 2

Answer:

The stock market crash of 1929 touched off a chain of events that plunged the United States into its longest, deepest economic crisis of its history. It is far too simplistic to view the stock market crash as the single cause of the Great Depression. A healthy economy can recover from such a contraction.

Explanation:

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