The North–South divide is a term often used in the geography of socio-economics. It describes a difference in economic development between the north and south of the world. The North is made up of mostly developed countries – those of Europe and North America. The South is made up of mostly developing and undeveloped countries – those in Africa, Latin America and Asia. The North is home to four of the five permanent members of the United Nations Security Council and all members of the G8.