What do you mean by G-77?

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Group of rich countries

Group of African countries

Group of Asian countries

Group of developing countries

answer is D.

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Detailed Solution

G-77 means a group of developing countries. The G-77 acronym stands for the group of 77 developing countries. It was formed on June 15, 1964, in Geneva, Switzerland. This group of developing countries wanted a New International Economic Order (NIEO) to take control of the natural resources that the developed countries exploited. The G-77 Group was established during the United Nations Conference on Trade and Development (UNCTAD). China has contributed financially to the group of 77 nations since 1994, although it does not consider itself a group member.

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