established-NA 1988
aim-a consultation mechanism on regional Latin American issues
members-(11) Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico,
Paraguay, Peru (suspended), Uruguay, Venezuela; note-Panama was expelled in
1988; Peru was suspended after April 1992 coup
Second World 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 socialist
countries 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
South 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)