countries (LDCs)
that have experienced unusually rapid economic growth; also known as
the Four Tigers; this group consists of Hong Kong, South Korea,
Singapore, Taiwan; these countries are included in the IMF's "advanced
economies" group
Franc Zone (FZ): note - also known as Conference des Ministres des
Finances des Pays de la Zone Franc
established - 1964
aim - to form a monetary union among countries whose currencies were
linked to the French franc
members - (16) Benin, Burkina Faso, Cameroon, Central African Republic,
Chad, Comoros, Republic of the Congo, Cote d'Ivoire, Equatorial Guinea,
France, Gabon, Guinea-Bissau, Mali, Niger, Senegal, Togo
Front Line States (FLS): established to achieve black majority rule in
South Africa; has since gone out of existence; members included Angola,
Botswana, Mozambique, Namibia, Tanzania, Zambia, Zimbabwe
General Agreement on Tariffs and Trade (GATT): see the World Trade
Organization (WTO)
General Confederation of Trade Unions (GCTU): established - 16 April
1992
aim - to consolidate trade union actions to protect citizens' social
and labor rights and interests, to help secure trade unions' rights and
guarantees, and to strengthen international trade union solidarity
members - (11) Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan,
Kyrgyzstan, Moldova, Russia, Tajikistan, Ukraine, Uzbekistan
Group of 2 (G-2): informal term that came into use about 1986; to
facilitate bilateral economic cooperation between the two most powerful
economic giants; members were Japan, US
Group of 3 (G-3): established - September 1990
aim - mechanism for policy coordination
members - (2) Colombia, Mexico; note - Panama shows interest in joining
Group of 5 (G-5): established - 22 September 1985
aim - to coordinate the economic policies of five major noncommunist
economic powers
members - (5) France, Germany, Japan, UK, US
Group of 6 (G-6): also known as Groupe des Six Sur le Desarmement (not
to be confused with the Big Six) was established in 22 May 1984 with
the aim of achieving nuclear disarmament; its members were Argentina,
Greece, India, Mexico, Sweden, Tanzania
Group of 7 (G-7): note - membership is the same as the Big Seven
established - 22 September 1985
aim - to facilitate economic cooperation among the seven major
noncommunist economic powers
members - (7) Group of 5 (France, Germany, Japan, UK, US) plus Canada
and Italy
Group of 8 (G
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