In an attempt to restructure the world economy away from the traditional dominance of the G7, ________________.
A) informal alliances such as the BRICS were formed
B) regional bodies such as Mercosur and the Association of Southeast Asian Nations were encouraged
C) proposals were put forward to reform the United Nations, the World Bank, and the IMF
D) All of the above
E) None of the above, as the structure in place was too powerful

Question

Quizplus · Accepted Answer

All of the options provided are correct. Informal alliances like BRICS (Brazil, Russia, India, China, South Africa), regional bodies such as Mercosur (Southern Common Market in South America) and ASEAN (Association of Southeast Asian Nations), and proposals for reforming major international institutions like the United Nations, the World Bank, and the IMF have all been part of efforts to restructure the global economy to reduce the dominance of the G7 nations.

In an Attempt to Restructure the World Economy Away from the Traditional