Unit 1 key terms Flashcards
1
Q
north-south divide
A
the increasing inequality in levels of development between the North and the South or between HICs and LICs
2
Q
development gap
A
the difference in wealth between the developed world (north) and the developing world (south)
3
Q
OPEC - Organisation of Petroleum Exporting Countries
A
- represents the interests of oil exporters
- its position is undermined by some oil-producing countries such as the UK, which does not agree with OPEC controlled oil prices
4
Q
the G7/G8
A
a group of the world’s wealthiest and most influential countries
5
Q
the G10 or Paris Club
A
a group representing the wealthiest members of the International Monetary Fund
