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.
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?
Why thousands of people fled Europe for America in the 19th century ?
Or
Why did thousands of people flee away from Europe to America in the 19th century ? Give any three reasons. [CBSE Sept. 2010]
How was the income received from trade surplus with India used by Britain ? [CBSE 2008 (D)]
Why was there a need for clearing lands in Britain during the nineteenth century ? Explain any three reasons.
[CBSE Comp. (D) 2008]
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.
What were the main reasons for the attraction of Europeans to Africa ? [CBSE Sept. 2010, 2014]
India played a crucial role in the late 19th century world economy”. Explain. [CBSE 2014]
Define the term ‘Trade Surplus’. How was the income received from trade surplus with India used by Britain? [CBSE 2010, 2012, 2011]
Why China and other Asian countries became attractive destination for investment by foreign MNC's ?
"Food offers many examples of long distance cultural exchange."Explain. [CBSE Sept. 2011]
Or
Assess with examples the contribution of food to the process of globalisation of the early periods. [CBSE 2012]
Explain how the global transfer of disease in the pre-modern world helped in the colonisation of the Americas.
Explain the impacts of scrapping of the Corn Law. [CBSE Sept, 2010, 2014]
Or
What was the result of the abolishing of Corn Laws? [CBSE Sept, 2010, 2012]
Name any two world institutions which were established under the Bretton Woods. Also mention one objective of each.
India played a crucial role in the late 19th century world economy.” Explain by giving an example.
Or
What was the importance of the Indian trade for the Britishers ?
Or
How did India play a crucial role in the nineteenth century world economy ? Explain with examples. [CBSE Comp. (O) 2008]
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 agricultural regions and communities were the worst affected by the Great Depression of 1929'. Give one reason.
Why were the Corn Laws scrapped ? Explain any three reasons.[CBSE Comp. (D) 2008, 2009 (F), Sept. 2011]