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    The World of Regions

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    Vinvin
    The document discusses divisions between the global North and South. The North includes wealthy developed countries like those in the G8, as well as some Asian nations. The South broadly refers to Latin America, Asia, Africa, and Oceania, and includes mostly low-income and politically marginalized countries also called the Third World or developing nations. A three-world model divides countries into the First World capitalist countries aligned with the US, the former communist Second World, and the Third World developing nations of Africa, Asia, and Latin America.

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    The World of Regions

    Uploaded by

    Vinvin
    136 views2 pages
    The document discusses divisions between the global North and South. The North includes wealthy developed countries like those in the G8, as well as some Asian nations. The South broadly refers to Latin America, Asia, Africa, and Oceania, and includes mostly low-income and politically marginalized countries also called the Third World or developing nations. A three-world model divides countries into the First World capitalist countries aligned with the US, the former communist Second World, and the Third World developing nations of Africa, Asia, and Latin America.

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    The document discusses divisions between the global North and South. The North includes wealthy developed countries like those in the G8, as well as some Asian nations. The South broadly refers to Latin America, Asia, Africa, and Oceania, and includes mostly low-income and politically marginalized countries also called the Third World or developing nations. A three-world model divides countries into the First World capitalist countries aligned with the US, the former communist Second World, and the Third World developing nations of Africa, Asia, and Latin America.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    136 views2 pages

    The World of Regions

    Uploaded by

    Vinvin
    The document discusses divisions between the global North and South. The North includes wealthy developed countries like those in the G8, as well as some Asian nations. The South broadly refers to Latin America, Asia, Africa, and Oceania, and includes mostly low-income and politically marginalized countries also called the Third World or developing nations. A three-world model divides countries into the First World capitalist countries aligned with the US, the former communist Second World, and the Third World developing nations of Africa, Asia, and Latin America.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    The World of Regions

    Global Divides: North and South


     Is the socioeconomic and political division that exists between the wealthy developed
    countries, known collectively as the “North” and the poorer developing countries (least
    developed countries) the South.
     Share broadly similar economic and historical characteristics with other countries in
    their category
     NOT DEFINED BY GEOGRAPHY
    Global North
     Home to four out of five permanent members of Security Council of United Nations
     It is consist of all the members of the G8 (US, Canada, France, Germany, Italy, United
    Kingdom and Japan) which is the richest and most economically powerful nations on earth
     Covers the West and First World, with much of the Second World
     Other members: Singapore, South Korea, Taiwan, New Zealand, Australia, Hong Kong,
    Macau, Israel
    Global South
     Refers broadly to the regions of Latin America, Asia, Africa, and Oceania
     Mostly (though not at all) low-income and often politically or culturally marginalized.
     Is a term that has been emerging in transnational and post-colonial studies to refer to
    what may also be called the “The Third World”, “developing countries,” “less developed
    countries” and “less developed” regions
     In general, it refers to these countries “interconnected histories of colonialism, neo-
    imperialism, and differential economic and social change through which large inequalities
    in living standards, life expectancy and access to resources are maintained.
    The Three World Model
     First World" refers to so called developed, capitalist, industrial countries, roughly, a bloc
    of countries aligned with the United States after World War II, with more or less common
    political and economic interests: North America, Western Europe, Japan and Australia.
     "Second World" refers to the former communist-socialist, industrial states, (formerly the
    Eastern bloc, the territory and sphere of influence of the Union of Soviet Socialists
    Republic) today: Russia, Eastern Europe (e.g., Poland) and some of the Turk States (e.g.,
    Kazakhstan) as well as China.
     Third World" are all the other countries, today often used to roughly describe the
    developing countries of Africa, Asia and Latin America.
    The term Third World includes as well capitalist (e.g., Venezuela) and communist (e.g.,
    North Korea) countries, as very rich (e.g., Saudi Arabia) and very poor (e.g., Mali)
    countries.
    What makes a Nation a Third World?
    Despite ever evolving definitions, the concept of the third world serves to identify countries that
    suffer from high infant mortality, low economic development, high levels of poverty, low
    utilization of natural resources, and heavy dependence on industrialized nations. These are the
    developing and technologically less advanced nations of Asia, Africa, Oceania, and Latin America.
    Third world nations tend to have economies dependent on the developed countries and are
    generally characterized as poor with unstable governments and having high rates of population
    growth, illiteracy, and disease. A key factor is the lack of a middle class — with impoverished
    millions in a vast lower economic class and a very small elite upper class controlling the country's
    wealth and resources. Most third world nations also have a very large foreign debt.
    Asian Regionalism
    Region- A group of countries located in the same geographically specified area or are an
    amalgamation of two regions or a combination of more than two regions organized to regulate
    and oversee flows and policy choices.
    Regionalization- Regional concentration of economic flows
    Regionalism- A political process characterized by economic policy cooperation and
    coordination among countries
    What is the difference between regionalization and globalization?
    Regionalization -it is the process of dividing an area into smaller segments called regions. It is the
    process of international integration arising from the interchange of world views, products, ideas,
    and other aspects such as technology etc.
    • Nature : Globalization promotes the integration of economies across state borders all
    around the world but, regionalization is precisely the opposite because it is dividing an
    area into smaller SEGMENTS.
    • Market : Globalization allows many companies to trade on international level so it allows
    free market but in regionalized system, monopolies are more likely to develop.
    • Cultural & Societal relations: Globalization acceleration to multiculturalism by free and
    inexpensive movement of people but, regionalization does not support this.
    • Aid: Globalized international community is also more willing to come to the aid of a
    country stricken by a natural disaster but, a regionalized system not get involved in the
    affairs of other areas.
    • Technological advances: globalization has driven great advances in technology but,
    advanced tech. is rarely available in one country or region.

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