Curated category
Economic country classifications
- Group of 77On the 15th of June 1964, seventy-seven nations signed a document in Geneva. This Joint Declaration of the Seventy-Seven Countries marked the birth of what…
- G20The year was 1997 when the first tremor of a global financial crisis struck Mexico. The peso collapsed, sending shockwaves through emerging markets across…
- Developing countryThe World Bank classifies the world's economies into four groups based on gross national income per capita calculated using the Atlas method.
- BRICSIn 1998, Russian Foreign Minister Yevgeny Primakov articulated the idea of a multipolar group during his term in office.
- Developed countryIn 2013, the United Nations Statistics Division stated that no established convention exists for designating developed and developing countries within its…
- Third WorldAlfred Sauvy published an article in the French magazine L'Observateur on the 14th of August 1952. He used the phrase third world to describe countries…
- World Bank high-income economyThe World Bank set a specific line in 2024 at US$13,935. This number represents the gross national income per capita required for classification.
- Second WorldIn 1961, a map of Europe showed political lines drawn in ink that would define the next three decades. The Second World emerged as one of three global…
- G8A 1975 summit hosted by France brought together representatives of six governments: France, Germany, Italy, Japan, the United Kingdom, and the United States.
- First WorldIn the late 1940s, the United Nations introduced a new way to categorize nations based on their political alignment. This system emerged from the global…
- G7On the 25th of March 1973, United States secretary of the treasury George Shultz convened an informal gathering in a library on the ground floor of the White…