The Global North and South Flashcards
Refers to countries that were colonized by the Spaniards in the American continent
Latin America
This is when the newly discovered lands outside Europe divided into two
the west belongs to the Crown of Castile (now part of Spain)
the East belonging to the Portuguese Empire
West and East in 1494
the Cold War between the US and USSR created a division between the capitalist/Democratic states and the communist states.
World Division during the Cold War
The capitalist communist was considered as the first world and communist economist was referred to as second world
First-world and Second World
Encompasses all the industrialized democratic countries, which were assumed to be aligned with the United States in its struggle against the Soviet Union.
First World
Was anchored on the industrialized communist realm of the Soviet Union and its eastern European Satellite, yet it often included poor communist states located elsewhere.
Second World
this refers to countries that did not belong to either type of formal economy.
defined as a non-aligned world as the global realm of poverty and under-development.
Third World
Refers to developed societies of Europe and North America, which are characterized by established wealth, technological advancement, political stability, zero population growth, and dominance of world and politics
Global North
Refers to the developing countries which represent mainly agrarian economies in Africa, India, Latin America, and others that are not as economically sound and politically stable.
Global South