Question

What is G-77? What were its demand

Answer 1

Answer:

G-77 IS

IT IS A GROUP REFERS TO 77 DEVELOPING COUNTRIES THAT DID NOT BENEFIT FROM THE FAST GROWTH WESTERN ECONOMIC EXPERIENCED IN 1950s and 1960s.

THEY DEMANDED-

• MORE DEVELOPMENT ASSISTANCE
• FAIRER PRICES FOR RAW MATERIAL
• BETTER ACCESS FOR THEIR MANUFACTURED GOODS IN DEVELOPED COUNTRIES MARKET.

Answer 2

Explanation:

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.