anned 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)

South Asian Association for Regional Cooperation (SAARC): established
- 8 December 1985

aim - to promote economic, social, and cultural cooperation

members - (7) Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri
Lanka

South Pacific Forum (SPF): established - 5 August 1971

aim - to promote regional cooperation in political matters

members - (16) Australia, Cook Islands, Fiji, Kiribati, Marshall
Islands, Federated States of Micronesia, Nauru, NZ, Niue, Palau, Papua
New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu

South Pacific Regional Trade and Economic Cooperation Agreement
(Sparteca): established - NA 1981

aim - to redress unequal trade relationships of Australia and New
Zealand with small island economies in the Pacific region

members - (16) Australia, Cook Islands, Fiji, Kiribati, Marshall
Islands, Federated States of Micronesia, Nauru, NZ, Niue, Palau, Papua
New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu

Southern African Customs Union (SACU): established - 11 December 1969

aim - to promote free trade and cooperation in customs matters

members - (5) Botswana, Lesotho, Namibia, South Africa, Swaziland

Southern African Development Community (SADC): note - evolved from the
Southern African Development Coordination Conference (SADCC)

established - 17 August 1992

aim - to promote regional economic development and integration

members - (14) Angola, Botswana, Democratic Republic of the Congo,
Lesotho, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South
Africa, Swaziland, Tanzania, Zambia, Zimbabwe

Southern Cone Common Market (Mercosur) or Southern Common Market: note
- also known as Mercado Comun del Cono Sur (Mercosur)

established - 26 March 1991

aim - to increase regional economic cooperation

members - (4) Argentina, Brazil, Paraguay, Uruguay

associate member - (2) Bolivia, Chile

Third World: another term for the less developed countries; the term
is obsolescent; see less developed countries (LDCs)

underdeveloped countri