Economic & Political Groupings Flashcards
Name 4 OPEC countries.
Saudi Arabia, UAE, Iran, Venezuela
What is OPEC?
Organisation of Petrol Exporting Countries
Name four Newly Industrialised Countries (NICs).
India, China, Mexico and S Korea
What is OECD?
Organisation for Economic and Corporate Development.
Name 4 OECD countries.
UK, USA, Japan, Italy
What is G8?
The 8 richest countries.
Name 4 G8 countries.
Canada, Germany, UK, USA
Name 4 former Soviet states.
Ukraine, Estonia, Russia, Uzbekistan
Name 4 LDCs
Angola, Sudan, Ethiopia, Afghanistan
Name 4 Schengen countries.
Austria, Belgium, France and Germany.
What is ASEAN?
Association of South East Nations. Political and economic grouping with 10 members.
Name 4 ASEAN countries.
Malaysia, Philippines, Thailand, Vietnam.
Which countries are known as the Asian Tigers?
Hong Kong, Singapore, South Korea and Taiwan.
What are the Asian Tigers known for?
Exceptionally high economic growth rates (more than 7% increase per year) and rapid industrialisation between the early 1960s-1990s.