its main business is the improvement of human living conditions

Economics and Social Council

countries politically and economically dominated by
another country

satellites

executive body of China

State Council

the idea that countries should cooperate to promote
common aims

internationalism

most developed countries are located here

Northern Hemisphere

a system in which all major economic decisions are
made by a central government

command economy

a representative government in which no rulers inherit office

republic

the British equivalent of the American Republican Party

Conservatives

the difference between the value of a country's exports
and its imports

balance of trade

group that oversees trade among nations

World Trade Organization