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CHAPTER 1 : INTRODUCTION, image - Coggle Diagram

- - - - Majority of developed countries are Western nations; the United States, Canada, Western and Northern Europe, Australia and New Zealand
    - - Countries in transition like Russia are generally defined as having a centrally planned economy that is switching to a market economy.
    - - Developing economies are mostly located in the regions of The Asia Pacific, South America, Africa and the Middle East
    - - Mostly, the least developed countries in the world are found in Africa and a few exceptions in the Asia Pacific, the Middle East and in Haiti.