Tubola, Reynamae T.

BS in Psychology-2A

The Contemporary World

What are the similarities and differences between the global south from the developing nations?
The World Bank and other organizations are now referring to these nations as belonging to the Global
South. The Global North makes up the other side of the underlying global North-South divide. As a result,
the term does not necessarily connote a southern location; for instance, the majority of the Global South is
located in the Northern Hemisphere. The phrase was first used as a more open and value-free substitute for
terms like "developing countries" and other possibly "valuing" ones like "third world." The Global South
includes nations that have recently industrialized or are in the process of doing so, are generally rated as
having lower-quality democracies by freedom indices, and frequently have a history of colonialism by
Northern, frequently European states. These countries are overwhelmingly concentrated in the tropics or
close to them.
A nation where agriculture is practiced using subsistence farming techniques, where the average income is
significantly lower than in industrialized countries, and where the economy is based on a few export crops.
a country with farming practices that are primitive, where the average income is significantly lower than in
industrialized countries, and where the economy is based on a few export crops. Rapid population growth
threatens the food supply in many developing countries. Underdeveloped nations have also been used to
describe developing countries. They are primarily found in Latin America, Asia, and Africa.
What are the commonalities and differences between regionalization and globalization?
Regionalization is a process that is broadly similar to globalization but can compete with it to some extent.
The main similarity is that both countries are moving toward economic integration. Regionalization is the
process of dividing an area into smaller segments known as regions, whereas globalization is the process
of international integration resulting from changes in world views, products, ideas, and other aspects such
as technology, among others. Globalization encourages the integration of economies across state borders
all over the world, whereas regionalization does the opposite by dividing an area into smaller segments.