QUESTION IMAGE
Question
d. global economic conditions are sometimes described in terms of a
orth - south\ division of countries by wealth. using information on either or both of the cartograms, explain what people mean when they talk about
orth\ and \south\ in relation to a globalized economy. (5 points)
In the context of a globalized economy, the "north - south" division is a broad categorization. The "north" typically refers to more developed, industrialized, and wealthier countries, often in the Northern Hemisphere, which have advanced economies, high - tech industries, and strong financial systems. The "south" generally encompasses less developed or developing countries, many in the Southern Hemisphere, which may have lower levels of industrialization, less technological advancement, and face challenges like poverty and limited access to resources. Cartograms can visually represent economic indicators such as GDP per capita, trade volumes, or income levels, which can help illustrate the disparities between the "north" and "south".
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In the globalized economy, the "north" represents more developed and wealthier countries, usually in the Northern Hemisphere with strong economies and high - tech industries. The "south" represents less developed or developing countries, often in the Southern Hemisphere, facing economic challenges like poverty and limited industrialization. Cartograms can visually show economic disparities between them.