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 IMF and the World Bank, called the Bretton Woods twins commenced financial operations in 1947. Decision-making in these institutions were controlled by the Western industrial powers. The US had an effective right of veto over key IMF and World Bank decisions. The Bretton Woods system saw the unprecedented growth of trade and incomes for the Western industrial nations .
Most developing countries did not benefit from the fast growth the Western economies experienced in the 1950s and 1960s. Therefore they organised themselves as a group – the Group of 77 (or G-77) – to demand a New International Economic Order (NIEO).
The NIEO meant a system that would give a country real control over its natural resources, more development assistance, fairer prices for raw materials, and better access for their manufactured goods in developed countries' markets.
Name the economist who thought that India gold exports during the Great Depression of 1929 promoted global economic recovery.
What is NIF.O ?
Or
Why did Group 77 countries demand a New International Economic Order ? Explain. [CBSE 2009 (D). Sept, 2010]
Or
Why did most of the developing countries organise themselves as a group the Group of 77 (G-77) ? [CBSE 2012)
‘The First World War was modern industrial war’. Explain.
Or
Explain how the First World War was so horrible a war like none other before. [CBSE 2010 (0)]
Or
How far is it correct to say that "The First World Wax was the First modem industrial war”? Explain. [CBSE Sept. 2010]
Name any two world institutions which were established under the Bretton Woods. Also mention one objective of each. [CBSE 2014]
Explain the consequences of the Second World War.
Or
Describe in brief the destruction caused during the Second World War. [CBSE 2010 (O), Sept. 2012]
Name any two countries which became major supplier of wheat during the First World War.
Highlight three main features of life of African people before the coming of Europeans. [CBSE 2013]
Why China and other Asian countries became attractive destination for investment by foreign MNC's ?
Give two examples of different types of global exchanges which took place before the seventeenth century, choosing one example from Asia and one from the Americas.
Explain the three types of movements or flows within international economic exchange. Find one example of each type of flow which involved India and Indians, and write a short account of it.
India played a crucial role in the late 19th century world economy”. Explain. [CBSE 2014]
Name any two Indian groups of bankers who financed export agriculture in Central and South-east Asia.
How was the income received from trade surplus with India used by Britain ? [CBSE 2008 (D)]
The agricultural regions and communities were the worst affected by the Great Depression of 1929'. Give one reason.
Explain how the global transfer of disease in the pre-modern world helped in the colonisation of the Americas.
Give three examples to show that the world changed with the discovery of new sea routes to America. [CBSE Sept. 2010, 2011, 2012]
What steps were taken by the British government to improve agriculture in West Punjab ?
Before the arrival of outsiders most of the Africans had a little reason to work for a wage’. Give reasons.
Why were the Corn Laws scrapped ? Explain any three reasons.[CBSE Comp. (D) 2008, 2009 (F), Sept. 2011]