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Classification of Countries
LDC = Less Developed Country
e.g Sierra Leone, Haiti, Myanmar
33 out of the 50 LDC's are subSaharan
highest HDI ranking of LDC is Gabon at 119th and then South Africa at 121st (out of 197)
What makes an LDC?
1. Income below $750 per capita per…

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First index to combine environmental efficiency with human wellbeing
However it is based mainly on opinions not facts and so is subjective
e.g 1st = Costa Rica, 2nd = Dominican Republic, 3rd = Jamaica, 20th = China, 74th = UK

PQLI = Physical Quality of Life Index
Developed in the…

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promote competition
Grouping consists of USA, Canada and Mexico

NATO = North Atlantic Treaty Organisation
Founded in 1949, with 28 members, and is classed as an intergovernmental military
alliance
Accounts for 70% of the world's defence spending

OPEC = Organisation of Petroleum Exporting Countries
Founded in 1961 and consists of…

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Eight development goals that 23 international organisations and all 193 UN members
agreed to aim to achieve by 2015

TNC = Transnational Corporations MNC = Multinational Corporations
Corporation that has production establishments or delivers services in at least two
countries. Some TNCs have grown so large that they have budgets…

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UNESCO = United Nations Education, Scientific and Cultural Organisation

ERDF = European Regional Development Fund
Aims to strengthen economic and social cohesion in the EU by correcting imbalances
between its regions

ISO = International Organisation for Standardization
Ensures the standardization of containerization across the globe

NGO = NonGovernmental Organisation

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