FM Sitharaman Urges Reform as Developing Nations Face Global Crisis Fallout
FM Sitharaman addresses global crisis spillovers on developing nations, calling for MDB reforms and coordinated global action.
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Global North and Global South are terms denoting a method of grouping countries based on their defining characteristics with regard to socioeconomics. The terms refer to developed and developing/least developed countries respectively. According to UN Trade and Development (UNCTAD), the Global South broadly comprises Africa, Latin America and the Caribbean, Asia, and Oceania. Most of the Global South's countries are commonly identified as lacking in their standard of living, which includes having lower incomes, high levels of poverty, high population growth rates, inadequate housing, limited educational opportunities, and deficient health systems, among other issues. Additionally, these countries' cities are characterized by their poor infrastructure. Opposite to the Global South is the Global North, which the UNCTAD describes as broadly comprising Northern America and Europe, Israel, Japan, South Korea, Australia, and New Zealand. Consequently the two groups do not correspond to the Northern Hemisphere or the Southern Hemisphere, as many of the Global South's countries are geographically located in the north and vice-versa.
FM Sitharaman addresses global crisis spillovers on developing nations, calling for MDB reforms and coordinated global action.
VTechX HubThe terms refer to developed and developing/least developed countries respectively.
SourceAccording to UN Trade and Development (UNCTAD), the Global South broadly comprises Africa, Latin America and the Caribbean, Asia, and Oceania.
SourceAsk VTechX Intelligence about Global South
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