AI-generated practice question — model-generated for extra practice, not a previous-year CBSE board question.
Developing nations formed G-77 because they did not benefit from the rapid economic growth of the 1950s–60s enjoyed by Western countries. Their specific grievances were:
Through the NIEO they demanded real control over their natural resources, more development assistance, fairer raw material prices, and better market access.
The IMF and World Bank — the Bretton Woods institutions — fell short because they were designed for industrial countries, not for tackling poverty and underdevelopment in former colonies. Ironically, these agencies were dominated by the former colonial powers, leaving developing nations with little real voice.
Source: Section 4.3 "Decolonisation and Independence," Chapter 3
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Examiners expect three clear elements for 3 marks: (1) why G-77 nations felt left out, (2) what they specifically demanded under NIEO, and (3) how the Bretton Woods institutions failed them. The textbook passage gives all three directly — use its exact phrases like "real control over their natural resources" and "designed to meet the financial needs of industrial countries" to score full marks. Avoid writing a long essay; bullet points for grievances save space and look organised.