The '''Global South''' is [[UN]] terminology for what was formally referred to as the '''Developing World''' and '''[[Third World]]'''. In the business and finance fields, the developing world was also known as '''Emerging Markets'''. In the [[geopolitical]] sphere, much of the Global South also constituted the '''Non-aligned Nations''' in [[Cold War I]] and [[Cold War II]].
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The '''Global South''' is [[UN]] terminology for what was formally referred to as the '''Developing World''' and [[Third World]]. In the [[business]] and [[finance]] fields, the developing world was also known as [[Emerging Markets]]. In the [[geopolitical]] sphere, much of the Global South also constituted the '''Non-aligned Nations''' in [[Cold War I]] and [[Cold War II]].