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What did G-77 consist?What to gain from the NIEO? Drscribe |
| Answer» G-77 or Group of 77 refers to the seventy-seven newly-independent nations that felt that they are not benefiting from the growth of western economic and international financial institutions as they should. Therefore, these countries organized themselves to form G-77 or the Group of 77.They demanded:\tA new international economic order that would give them real control over their natural resources.\tMore development assistance.\tFairer prices for raw material and\tBetter access for their manufactured goods in developed countries\xa0markets. | |