ava on Nostr: In economics, the Global North and Global South are terms used to describe a gap or ...

In economics, the Global North and Global South are terms used to describe a gap or contrast between developed countries (first world) and developing countries (third world), mostly referring to their relative affluence and degree of industrialization, but also including population size, lifestyle, educational levels, poverty rates, cultural differences, economic disparities, access to technology, quality of health care, religious beliefs, ideologies, etc.