LDC (Least Developed Country) - Low income, Weak economy, Low education, High debt levels, Economy based on agriculture
LEDC (Less Economicly Developed Country) - Improving economics, Primary education, Less debt, Economy moving to secondary sector
NIC (Newly Industrialised Country) - Fast growing economy in manufacturing and exportation, Agricultural sector has shrunk, Good educational investment, Moving to tertiary and quternary (Mid 90's)
RIC (Recently Industrialised Country) - Same as NIC but 90's onwards
FCC (Former Communist Country) - Middle income, Stagnant population
MEDC (More Economicaly Developed Country) - Developed tertiary and quaternary sectors, Manufacturing decline except with high tech products, TNCs located in these countries
OPEC (Organisation of Petroleum Exporting Countries) - 13 members, must export more oil than import
OECD (Organisation for Economic Cooperation and Development) - 30 of the richest countries, Discuss political, Socioeconomic and environmental problems
BRICs (Brazil, Russia, India, China) - 4 of the 10 largest economies on earth, an increasingly powerful group in worlds affairs
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