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Economy - Coggle Diagram

- - - - Less corrupt countries tend to have higher economic development
- - - - Named as: Backward or undeveloped
        
        But this names seem to express that these countries are not developed(something that it's not true)
        
        Therefore they thought on underdeveloped
        
        People felt bad about it because they thought that they were being treated as inferior
        
        That's why they changed by: less developed countries
        
        Nonetheless, some people still do not like it so another name was reached: developing countries
    - - Third world
        
        People of poorer countries felt as they were starting
        a race in the last place
        
        For this reason they changed it for: Two-thirds world
      - 1980s
        
        The South countries
        
        This label trie to express that north and south countries lived on the same planet but were in different facets
        
        But not all countries that are in the South were poor, such as Australia and New Zealand
      - 1990s
        
        ELDC (Economically Less Developed countries)
        
        They suggest that poorer countries have worse economy and not a worse development
    - - Tried to explain that they were rich in human resources, with large populations. But the term was too long to be used
    - - It suggested that the colonizer nations took the resources from their colonies, 'undeveloping' them
    - - Referring as the least developing countries to some of the 42 poorest countries
  - - - First world were the capitalist rich countries
      - Second world were the developed socialist nations
    - - This were the nations in the north that were mainly developed, however this definition had its problems
- - - - GDP and GNP