Global North: The Global North refers to the wealthier, more developed countries located in the northern hemisphere. These countries are primarily found in Europe, North America, and parts of Asia.
Developed Countries: Developed countries are characterized by high levels of economic prosperity, technological advancement, and infrastructure development.
NICs (Newly Industrialized Countries): NICs are nations that have recently experienced rapid economic growth and industrialization. They typically transition from primarily agricultural economies to manufacturing-based ones.