4. A World of Division Flashcards
not originally economic labels, but political ones coined in the late 1940s
First, Second, and Third World Regions
countries that aligned themselves with the capitalist democracies of the (mostly) West
The First World - Capitalist Democracies
Countries that aligned themselves with the socialism of the (mostly) Soviet Union
The Second World - Socialist (mostly) Autocracies
Countries that did not align themselves with either
The Third World - Non-Aligned (Neutral)
The original 3rd world countries
- Austria
- Finland
- Ireland
- Sweden
- Switzerland
when did the “third world” label come to mean underdeveloped nations because many were newly decolonized and poor?
1970s
internal features of the first world (developed)
political system:
economic system:
income level:
economic growth rate:
political system: liberal democratic
economic system: market-oriented
income level: high
economic growth rate: high
internal features of the second world
political system:
economic system:
income level:
economic growth rate:
political system: single-party communist rule
economic system: centrally-planned
income level: mixed; generally medium
economic growth rate: mixed
internal features of the third world (developing)
political system:
economic system:
income level:
economic growth rate:
political system: mixed; rarely democratic
economic system: variable
income level: low
economic growth rate: low
internal features of the first world (developed)
main trading partners:
geo-political relationship to other ‘Worlds’:
influence in main international economic institutions:
- other first world countries
- geo-political competition with Second World; colonial power over, aid donor to, and dominant over Third World
- High
internal features of the second world
main trading partners:
geo-political relationship to other ‘Worlds’:
influence in main international economic institutions:
- other second world countries
- geo-political competition with First World; aid donor to, and ‘Non-Aligned’ influential in parts of Third World
- low
internal features of the third world (developing)
main trading partners:
geo-political relationship to other ‘Worlds’:
influence in main international economic institutions:
- first world countries
- aid recipient; subordinate; but actively
- low
comprises of wealthy, industrialized, and democratic countries
Global North
Examples of regions in Global North
- USA
- Canada
- Western Europe
- Australia
- New Zealand
- developed parts of Asia.
comprises generally of developing or the least developed countries
Global South
Examples of Regions in Global South
- regions of Asia
- Africa
- Middle East
- Latin America
Major differences between Global North and South
Global North
* Less Population
* High Wealth
* High standard of living
* High Industrial development
Global South
* Large population
* Low Wealth
* Low standard of living
* Low industrial development
* Agriculture
LEDCs
Less Economically Developed Countries
MEDCs
More Economically Developed Countries
are almost all located in the Northern Hemisphere, except for Australia and New Zealand.
Richer countries
are mostly located in tropical regions and in the Southern Hemisphere
poorer countries
defined as an increase in the cross-border flow of capital, goods, and people within a specific geographical area.
Regionalization
defined as a political will to create a formal arrangement among states on a geographically restricted basis.
Regionalism
How does Regionalization differ to Globalization?
Globalization - countries across the world help each other for their own development
Regionalization - countries from specific region help each other for their development
