Explain what is referred to as the G-77 countries. In what ways can G-77 be seen as a reaction to the activities of the Bretton Woods twins?

The Group of 77 (G-77) comprises developing nations that joined forces in 1964 within the United Nations. Initially including 77 countries (now expanded), it aimed to represent their economic interests. Formed partly in response to the dominance of the Bretton Woods institutions—the IMF and World Bank—seen as favoring wealthy nations, the G-77 sought fairer global economic policies. It advocated for equitable trade terms, increased representation in international economic discussions, more development aid, and reforms benefiting the developing world. Essentially, the G-77 served as a collective voice for developing nations, aiming to rectify the imbalance in global economic decision-making and foster policies that better supported their growth and needs on the world stage.