former Soviet Union (FSU): former term often used to identify as a group the successor nations to the Soviet Union or USSR; this group of 15 countries consists of Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan
former USSR/Eastern Europe (former USSR/EE): the middle group in the hierarchy of developed countries (DCs), former USSR/Eastern Europe (former USSR/EE), and less developed countries (LDCs); these countries are in political and economic transition and may well be grouped differently in the near future; this group of 27 countries consists of Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, The Former Yugoslav Republic of Macedonia, Moldova, Poland, Romania, Russia, Slovakia, Slovenia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan, Yugoslavia; this group is identical to the IMF group "countries in transition" except for the IMF's inclusion of Mongolia
Four Dragons: the four small Asian less developed countries (LDCs) that have experienced unusually rapid economic growth; also known as the Four Tigers; this group consists of Hong Kong, South Korea, Singapore, Taiwan; these countries are included in the IMF's "advanced economies" group
Franc Zone (FZ): note - also known as Conference des Ministres des
Finances des Pays de la Zone Franc
established - NA 1964
aim - to form a monetary union among countries whose currencies are linked to the French franc
members - (16) Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Comoros, Republic of the Congo, Cote d'Ivoire, Equatorial Guinea, France, Gabon, Guinea-Bissau, Mali, Niger, Senegal, Togo; note - France includes metropolitan France, the four overseas departments of France (French Guiana, Guadeloupe, Martinique, Reunion), the two territorial collectivities of France (Mayotte, Saint Pierre and Miquelon), and the three overseas territories of France (French Polynesia, New Caledonia, Wallis and Futuna)
Front Line States (FLS): established to achieve black majority rule in
South Africa; has since gone out of existence; members included Angola,
Botswana, Mozambique, Namibia, Tanzania, Zambia, Zimbabwe
General Agreement on Tariffs and Trade (GATT): see the World Trade
Organization (WTrO)
Group of 2 (G-2): informal term that came into use about 1986; to facilitate bilateral economic cooperation between the two most powerful economic giants