G-77: The Group of 77 (G-77) was established in 1964 by seventy-seven developing countries signatories of the "Joint Declaration of the Seventy-Seven Countries" under the auspices of the United Nations Conference on Trade and Development (UNCTAD) in Geneva. As the largest Third World coalition in the United Nations, the Group of 77 provides the means for the developing world to articulate and promote its collective economic interests and enhance its joint negotiating capacity on all major international economic issues in the United Nations system. They also strive to promote economic and technical cooperation among developing countries. Although the membership of the G-77 has increased to 135 countries, the original name was retained because of its historic significance.

     See also | G-8 | Andean Community | Association of Southeast Asian Nations | Caribbean Community | North American Development Bank | The Free Trade Area of the Americas | The Economic Commission for Latin America | Word Bank | International Monetary Fund | Commonwealth |

G-77, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: July 1, 2025].

Back to the GLOSS*arama

Taxes and transfer payments that depend on the level of aggregate production and income such that they automatically dampen business-cycle instability without the need for discretionary policy action. Automatic stabilizers are a form of nondiscretionary fiscal policy that do not require explicit action by the government sector to address the ups and downs of the business cycle and the problems of unemployment and inflation.

Complete Entry | Visit the WEB*pedia

Today, you are likely to spend a great deal of time touring the new suburban shopping complex looking to buy either a how-to book on home decorating or a set of luggage with wheels. Be on the lookout for the happiest person in the room.
Your Complete Scope

This isn't me! What am I?

-- Benjamin Franklin

User Feedback