SECOND WORLD
The term Second World is typically associated with countries in the financial world. Second World could either mean that the country was (1) once under the influence of the Soviet Union which means that they were centrally planned economies and at the same time a one-party state or (2) is more stabilized and more developed compared to a third-world country but less stabilized and less developed than a first-world country which include most of Latin America, South Africa, and some countries in Asia. The first definition has been mostly outdated in the early 1990’s after the Cold War while the second definition which is the more used definition today is also referred to as ‘emerging markets.’
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
