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GEOGRAPHY GCSE - The Changing Economic World

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Low income country (LIC) and High income country (HIC)
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Terms in this set (28)
Countries that have begun to experience high rates of economic development, usually with rapid industrialisation. They differ from LICs in that they no longer rely primarily on agriculture, have made gains in infrastructure and industrial growth, and are experiencing increasing incomes and high levels of investment eg Brazil, Russia, China and South Africa (the so-called BRICS countries).
A voluntary association of 53 independent and equal sovereign states, which were mostly territories of the former British Empire. It is home to 2.2 billion citizens. Member states have no legal obligation to one another. Instead, they are united by language, history, culture, and their shared values of democracy, human rights, and the rule of law.
Image: Commonwealth

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