Knowt
Political and economic groupings
LDCs - least developed countries
around 50 countries
very low incomes
poor health
low education
economic instability
heavily in debt to richer countries
mainly located in Africa, a few in Asia and Oceania + Haiti
LICs - low income countries
started to develop their economies
increasing GDP and calorie intake per day
decreasing birth + death rates
e.g., Namibia, Egypt
NICs - newly industrialised countries
rapidly growing economies (in-between LICs + HICs)
recent move from a mostly agricultural economy to one involving manufacturing and exporting
e.g., BRICS
HICs - high income countries
highly developed economies
high calorie intakes and GDP
birth + death rates low (ageing populations very common)
OECD - Organisation for Economic Cooperation and Development
34 of the richest and most powerful countries
aim to provide solutions to economic, social and environmental issues
e.g., Sweden, Australia, USA
G8 - group 8
formed 1997
most rich and powerful
USA, UK, Canada, France, Russia, Germany, Italy, Japan
G8+5
formed 2005
was created to include China, India, Brazil, Mexico and South America
attempt to create deeper international cooperation and an understanding of climate change and international trade
The Group of Eight + Five (G8+5) was an international group that consisted of the leaders of the heads of government from the G8 nations (Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States), plus the heads of government of the five leading emerging economies (Brazil, China, India, Mexico, and South Africa). In March 2014, Russia was cast out of the Group of 8 due to its conflict with Ukraine, so the G8+5 in its original form is unlikely to reconvene with Russia present.
G20
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA, and EU.
formed 26 September 1999
The G20 brings together the world's major economies. Its members account for more than 80 per cent of world GDP, 75 per cent of global trade and 60 percent of the population of the planet.
BRICS
Brazil, Russia, India, China, South Africa
emerging economies
NAFTA - North American Free Trade Agreement
Political and economic groupings
LDCs - least developed countries
around 50 countries
very low incomes
poor health
low education
economic instability
heavily in debt to richer countries
mainly located in Africa, a few in Asia and Oceania + Haiti
LICs - low income countries
started to develop their economies
increasing GDP and calorie intake per day
decreasing birth + death rates
e.g., Namibia, Egypt
NICs - newly industrialised countries
rapidly growing economies (in-between LICs + HICs)
recent move from a mostly agricultural economy to one involving manufacturing and exporting
e.g., BRICS
HICs - high income countries
highly developed economies
high calorie intakes and GDP
birth + death rates low (ageing populations very common)
OECD - Organisation for Economic Cooperation and Development
34 of the richest and most powerful countries
aim to provide solutions to economic, social and environmental issues
e.g., Sweden, Australia, USA
G8 - group 8
formed 1997
most rich and powerful
USA, UK, Canada, France, Russia, Germany, Italy, Japan
G8+5
formed 2005
was created to include China, India, Brazil, Mexico and South America
attempt to create deeper international cooperation and an understanding of climate change and international trade
The Group of Eight + Five (G8+5) was an international group that consisted of the leaders of the heads of government from the G8 nations (Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States), plus the heads of government of the five leading emerging economies (Brazil, China, India, Mexico, and South Africa). In March 2014, Russia was cast out of the Group of 8 due to its conflict with Ukraine, so the G8+5 in its original form is unlikely to reconvene with Russia present.
G20
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA, and EU.
formed 26 September 1999
The G20 brings together the world's major economies. Its members account for more than 80 per cent of world GDP, 75 per cent of global trade and 60 percent of the population of the planet.
BRICS
Brazil, Russia, India, China, South Africa
emerging economies
NAFTA - North American Free Trade Agreement
