What's more, because there are no clear guidelines for what constitutes the Global South (as compared to World Bank's very clear guidelines for what is or is not a low-income economy), there exist many different theories on which countries qualify as part of the Global South-or its wealthier counterpart, the Global North. Although the majority of Global South countries are indeed located in the tropics or the Southern Hemisphere, the term itself is strictly economic (hence the fact that Australia is "down under" but not part of the Global South). The inclusion of "South" causes many users to mistakenly assume the term is meant to be geographical. The term "Global South" is often misused and misunderstood. The challenge of defining the "Global South" However, few socioeconomic terms are as widely debated, as potentially divisive, or as frequently misinterpreted. Like these related terms, Global South is used to describe countries whose economies are not yet fully developed and which face challenges such as low per capita income, excessive unemployment, and a lack of valuable capital. First coined by progressive social activist Carl Oglesby in 1969, the Global South is a synonym for terms such as developing countries, least-developed countries, underdeveloped countries, low-income economies, or the out-of-favor third world countries.
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