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Group Of 77 And The UN

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Chapter Summary

The Group of 77 comprising today 133 states was founded on 12 May 1964 during the first UN Conference on Trade and Development (UNCTAD), when several developing countries from Africa, Asia and Latin America united to the so-called Group of 75. The group began its work in the early seventies in all important areas of the UN system as a kind of trade union of the poor, and the main organ of the Third World for articulating and developing their own common economical interests, as well as representing these interests in negotiations with the industrialized countries. The main accent of the work of the Group of 77 lies still today in the framework of United Nations Conference on Trade and Development (UNCTAD). To prepare the UNCTAD conferences and to fine-tune their negotiating positions, the member states meet shortly before the opening of the conferences.

Keywords: developing countries; Group of 77; UNCTAD

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