Class 10 Exam > Class 10 Questions > What does G-77 refer to?a)A group of develope...
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What does G-77 refer to?
- a)A group of developed countries
- b)A coalition of developing countries
- c)A military alliance
- d)An economic union
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
What does G-77 refer to?a)A group of developed countriesb)A coalition ...
The G-77 is a group of developing countries that formed to promote their collective economic interests in the global arena.
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What does G-77 refer to?a)A group of developed countriesb)A coalition ...
What is the G-77?
The G-77, or Group of 77, is a coalition of developing countries established in 1964. It was formed to promote their collective economic interests and enhance their negotiating capacity in the United Nations.
Background
- The G-77 began with 77 member countries, but it has since expanded to include over 130 developing nations.
- The group emerged during the first United Nations Conference on Trade and Development (UNCTAD) in Geneva.
Objectives of G-77
- Promote Economic Growth: The primary aim is to foster economic development and reduce poverty among member countries.
- Strengthen Negotiating Power: By working together, developing countries can have a stronger voice in international economic discussions and negotiations.
- Advocate for Fair Trade: The G-77 seeks to address the imbalances in global trade practices that often disadvantage developing nations.
Key Activities
- Policy Formulation: The G-77 works on formulating policies that address the specific needs of developing countries in international forums.
- Capacity Building: It provides a platform for technical cooperation and capacity-building initiatives among member states.
- Collaboration on Global Issues: The group collaborates on various global issues like climate change, sustainable development, and the digital economy.
Conclusion
In summary, the G-77 is a coalition of developing countries focused on promoting their economic interests and enhancing their influence in international affairs. Its efforts aim to create a more equitable global economic environment.
The G-77, or Group of 77, is a coalition of developing countries established in 1964. It was formed to promote their collective economic interests and enhance their negotiating capacity in the United Nations.
Background
- The G-77 began with 77 member countries, but it has since expanded to include over 130 developing nations.
- The group emerged during the first United Nations Conference on Trade and Development (UNCTAD) in Geneva.
Objectives of G-77
- Promote Economic Growth: The primary aim is to foster economic development and reduce poverty among member countries.
- Strengthen Negotiating Power: By working together, developing countries can have a stronger voice in international economic discussions and negotiations.
- Advocate for Fair Trade: The G-77 seeks to address the imbalances in global trade practices that often disadvantage developing nations.
Key Activities
- Policy Formulation: The G-77 works on formulating policies that address the specific needs of developing countries in international forums.
- Capacity Building: It provides a platform for technical cooperation and capacity-building initiatives among member states.
- Collaboration on Global Issues: The group collaborates on various global issues like climate change, sustainable development, and the digital economy.
Conclusion
In summary, the G-77 is a coalition of developing countries focused on promoting their economic interests and enhancing their influence in international affairs. Its efforts aim to create a more equitable global economic environment.
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What does G-77 refer to?a)A group of developed countriesb)A coalition of developing countriesc)A military allianced)An economic unionCorrect answer is option 'B'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What does G-77 refer to?a)A group of developed countriesb)A coalition of developing countriesc)A military allianced)An economic unionCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does G-77 refer to?a)A group of developed countriesb)A coalition of developing countriesc)A military allianced)An economic unionCorrect answer is option 'B'. Can you explain this answer?.
What does G-77 refer to?a)A group of developed countriesb)A coalition of developing countriesc)A military allianced)An economic unionCorrect answer is option 'B'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What does G-77 refer to?a)A group of developed countriesb)A coalition of developing countriesc)A military allianced)An economic unionCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does G-77 refer to?a)A group of developed countriesb)A coalition of developing countriesc)A military allianced)An economic unionCorrect answer is option 'B'. Can you explain this answer?.
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