Examlex
Which of the following describes regulatory arbitrage?
Global South
denotes countries primarily situated in the Southern Hemisphere, often associated with lower economic development compared to the Global North.
Developing Countries
Nations with lower levels of industrialization, lower income per capita, and generally lower standards of living compared to more industrialized countries.
Southern Hemisphere
The half of Earth that lies south of the equator, known for having opposite seasons to the Northern Hemisphere.
World Bank
An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
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