MEDC’s

NIC’s

FCC’s

LEDC’s

LLEDC’s

Fifth World

RIC’s

OPEC’s

Most developed countries in the world, sometimes referred to as the West Includes countries such as: –USA –UK –France –Japan

Counties whose reserves of oil allow them to control oil prices and trade with greater equality with the ‘developed world’. Characterised by extreme variations in wealth and quality of life between very rich few and poor many. Includes countries such as: –Saudi Arabia –UAE –Libya –Venezuela

Former Communist states who are struggling to convert their economies into Capitalist or Market Economies Includes countries such as: –Russia –Ukraine –Belarus –Kazakhstan

Less economically developed countries, mainly dependent upon agriculture and exports of Raw Materials Includes countries such as: –Nigeria –Bangladesh –Morocco –Kenya

Countries that have recently undergone industrialisation, moving away from exporting raw materials to manufacturing and adding value Includes countries such as: –Thailand –Chile –Mexico –Brazil

The poorest countries in the world who have little or no economic contact with other countries. Often struggle to feed their own population and are very vulnerable to natural disasters Includes countries such as: –Ethiopia –Nepal –Cambodia

Countries that underwent industrialisation a generation ago and have seen their economies improve significantly as a result. Quality of life and levels of education now approaching that of the ‘developed world’ Includes countries such as: –South Korea –Portugal –Taiwan –Malaysia

Term use by feminists, including Gloria Steinem, to describe women around the world used as cheap labour, who have the least control over capital & technology