The 1992 CIA World Factbook

by United States. Central Intelligence Agency

members - (11) Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, Venezuela; note - Panama was expelled in 1988

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Second World

Note - another term for the traditionally Marxist-Leninist states with authoritarian governments and command economies based on the Soviet model; the term is fading from use; see centrally planned economies

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socialist countries

Note - in general, countries in which the government owns and plans the use of the major factors of production; note - the term is sometimes used incorrectly as a synonym for Communist countries

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South

Note - a popular term for the poorer, less industrialized countries generally located south of the developed countries; the counterpart of the North; see less developed countries (LDCs)