The Brandt Line is an invisible line across the world that divides the rich north from the poor south. The Brandt Line corresponds with the divide between economically developed and industrialized countries and those countries that are less economically developed.Know More
Reference reports that the Brandt Line was introduced by Willy Brandt in the 1970s to illustrate the rich and poor countries of the world. The United States, Europe and Russia all are north of the Brandt Line, and therefore considered richer. On the other hand, most African and South American countries are below the Brandt Line. The Brandt Line circles the globe at roughly 30 degrees north, although it does shift radically south at Australia and New Zealand so that those two countries are included in the rich north.
According to BBC and the Brandt Line, there are distinct economic differences between the north and the south, with the north producing more goods while the south produces less. However, as of 2014, some of the southern countries have become newly industrialized and are becoming richer. Among these countries are Mexico, Brazil, South Africa, India and China. This change is due to a shift from agriculture to manufacturing, exporting goods and stable governments.Learn More
The United States, Canada, Australia, Germany, France, Japan and South Korea are a few of the developed countries in the world. A country is classified as developed when it is a sovereign state with a strong economy and a technologically advanced infrastructure.Full Answer >
According to Forbes, Bill Gates is the wealthiest person in the world. As of 2014. Gates' fortune is $77 billion and comes from his founding stake in tech giant Microsoft.Full Answer >
As of 2013, there is approximately five trillion dollars of physical money in the world. The total value of cash and checking accounts is estimated to be 25 trillion dollars.Full Answer >
One of Iran's greatest imports is oil, despite having the third-largest oil reserves in the world. Nonelectrical machinery, iron and steel, and chemicals are other products that Iran imports. In smaller quantities, Iran imports transport vehicles and electrical machinery, tools and appliances.Full Answer >