What are the pros and cons of viewing the world as divided into Global North and Global South?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter32: Macroeconomic Policy Around The World
Section: Chapter Questions
Problem 2SCQ: What are the drawbacks to analyzing the global economy on a regional basis?
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What are the pros and cons of viewing the world as divided into Global North and Global South?

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