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ECONOMIC GROUPING OF COUNTRIES

Q1. What are the groupings of countries to foster cooperation and development?
1. South Asia 2. South East Asia 3. West Asia 4. East Asia 5. The Caribbean 6. Central America 7. Latin America 8. European Union.
Q2. Which are the countries called "South Asia" or " Indian sub-continent"?
India, Sri Lanka, Bangladesh, Nepal, Pakistan and Maldives.
Q3. What is the organization formed by the South Asian countries for regional Cooperation?
SAARC - South Asian Association for Regional Cooperation. (More details in "Organization" in Miscelleaneous Chapter )
Q4. What are the South East Asian Countries?
Myanmar, Thailand, Indonesia, Brunei, Cambodia(Kampuchea), Singapore, and Malaysia. These countries lie east of India and South of China. They are mostly islands and peninsulas.
Q5. What are the organizations formed by the South East Asian countries for regional cooperation?

SEATO -Southeast Asian Treaty Organization - formed on 8.9.1954 - HQ: Bangkok, Thailand - included Australia, France, Pakistan (including East Pakistan )the Philippines, UK, USA, Thailand. Dissolved on 30.6.1977. 
ASEAN - Association of South East Asian Nations - Founded on 8.8.1967 - HQ: Jakarta, Indonesia - includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam. The first Meeting was held on 23/24/2/1976 and the latest (19th) meeting was held on 14/19.11.2011 at Bali (both the above meetings), Indonesia.
Q6. What are the countries coming under West Asia?
Iran, Iraq, Kuwait, UAE, Jordan, Lebanon, Syria, Yemen, Israel, Turkey, Cyprus and Afghanistan. Mostly Islamic countries, lying on the West and Southwest of Indian subcontinent countries.
Q7. What is the name of the Association for regional cooperation of West Asian Countries?
ARAB LEAGUE. (More in "Organization" in Miscelleaneous Chapter ).
Q8. What are the Caribbean countries?
Barbados, Cuba, Dominica, Dominican Republic, Grenada, Haiti, Jamaica, St.Lucia, Trinidad and Tobago, Anguilla, Antigua, Guadeloupe, Montessarat, Bahamas, Bermuda, Puerto Rico, Virgin Islands, Guyana,
Q9. What is the organization formed by the Caribbean nations?
CARICOM - Caribbean Community. (More details in 'Organization' in Miscelleaneous Chapter)
Q10. What are the East Asian countries?
China, Taiwan, Japan, North and South Korea. No organization formed.
Q11. What are the Central American countries?
Belize, Costa Rica, El Salvador, Panama, Guatemala, Nicaragua and Honduras.
Q12. What is the association formed by the Central American countries for Regional cooperation?
CACM - Central American Common Market (More information on 'Organization' in Miscelleaneous Chapter)
Q13. What are the Latin American countries?
Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, Peru, Urguguayand Venezeula. No organization formed by them.
Q14. What are the three groups of the countries under economic considerations?
First, Second and Third world.
Q15. What does the "first world" represent?
The economically and technologically advanced countries are called so.They are mostly non communist countries in Europe and North America.
Q16. Which countries are referred to as "Second World"?
The Communist countries were referred to as Second World. The term has lost its significance because of the disintegration of communist dominated powers.
Q17. What does Third World mean?
The most talked about term in all diplomatic forums, because, nearly half the number of countries fall under this category. It includes economically and technologically weaker countries, most of them from Asia and Africa.