Changing population Flashcards
North-South divide
Division between the increasing inequality HIC and the LIC
Development gap
Difference in wealth between the HIC and LIC
OPEC
Organisation of the Petroleum exporting countries
G7
A group of the most wealthiest and developed countries in the world (Japan, USA, Canada, France, Germany, Italy, UK)
The first world
Worlds most developed nations (UK, USA, Norway)
The second world
Ex-Soviet nation, state controlled nations
The third world
Least developed nations (Afghanistan, most African nations)
MEDC
More economically developed countries (UK, USA)
NICs
Newly industrializing countries- countries with rapid economic growth since 1960 (South Korea, Taiwan)
BRICs
Category of NICs (showing rapid economic growth) Brazil Russia, India, China, South Africa
MINT
Mexico, Indonesia, Nigeria, Turkey
CIVETS
Columbia, Indonesia, Vietnam, Egypt, Turkey, South Africa
N11
Next eleven- Countries experiencing rapid economic growth in the 21st century
CPEs
Centrally planned economies (North Korea)
RICs
Recently industrializing countries (Chile)