A World of Difference
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A term replacing the previously used 'developing' designation for countries, referring to the dominance of such countries below the 30 North latitude line.

A term used to describe countries that are progressing economically but are still not developed enough to be considered First World or developed countries.

A term replacing the previously used 'developed' designation for countries, named because of the location of most developed countries, which sits above the 30 degrees North latitude line.

A term popularly used during or before the Cold War, for describing communist countries.

Occurs when birth rates fall to a point that requires less investment in the very young, but before more investment is required on the elderly, and results in the relative and absolute increase of younger, more productive workers.

A grouping of the richest 35 counties of the world in North America, Western Europe, East Asia and South America.

A term for the unplanned, often illegal, informal housing in cities that arise due to the inability of formal markets and public authorities to provide enough affordable and accessible housing. Slums are also referred to as "shantytowns," "informal housing," and "squatter housing."

The economic and political alliance of most European countries.

A form of hostility between countries that is marked by threat, military posturing, and other acts short of actual warfare. Also a name given to the USA- USSR conflict between 1945 and 1989.

A line that runs from the North Pole to the South Pole that designates the point at which one calendar day turns to the next.

The movement of manufacturing industries from the developed to the developed world.

Organizations that are not sanctioned or affiliated with any particular government or state, but may be funded by particular countries. Examples include the IMF, World Bank, and the WTO.

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