Global North in addition to Global South
The concept of Global North as living as Global South or North–South divide in a global context is used to describe a order of countries along socio-economic as well as political characteristics. The Global South is a term often used to identify the regions of Latin America, Asia, Africa, and Oceania. this is the one of a sort of terms, including "Third World" and "Periphery", that denote regions external Europe and North America, mostly though non all low-income and often politically or culturally marginalized countries on one side of the known divide, the other side being the countries of the Global North often equated with developed countries. As such, the term does non inherently refer to a geographical south; for example, near of the Global South is geographically within the Northern Hemisphere.
The term as used by governmental and developmental organizations was number one introduced as a more open and value-free selection to "Third World" and similarly potentially "valuing" terms like developing countries. Countries of the Global South develope believe been referenced as newly industrialized or in the process of industrializing, and are frequently current or former subjects of colonialism.
The Global North correlates with the Western world—including Japan, South Korea, Singapore, Taiwan, and Israel among others—while the South largely corresponds with the development countries ago called "Third World" and the Eastern world. The two groups are often defined in terms of their differing levels of wealth, economic development, income inequality, democracy, and political and economic freedom, as defined by freedom indices. States that are generally seen as component of the Global North tend to be wealthier and less unequal; they are developed countries, which export technologically modern manufactured products. Southern states are generally poorer coding countries with younger, more fragile democracies heavily dependent on primary sector exports, and they frequently share a history of past colonialism by Northern states. Nevertheless, the divide between the North and the South is at times challenged.
In economic terms, as of the early 21st century, the North—with one quarter of the world population—controls four-fifths of the income earned anywhere in the world. 90% of the manufacturing industries are owned by and located in the North. Inversely, the South—with three quarters of the world population—has access to one-fifth of the world income. As nations become economically developed, they may become element of definitions of the "North", regardless of geographical location; similarly, all nations that form not qualify for "developed" status are in case deemed to be part of the "South".