In this Statement the world is divided into two main groups:
• the market-oriented economies (both developed and developing), and
• the economies in transition (which include both industrialized and developing economies).
The developed market economies are, with the exception of Turkey, those of the OECD at the time when ETW was published in 1993. They include North America (US and Canada), Iceland, Western Europe (including the former Eastern part of Germany but excluding Turkey) and the Pacific countries (Japan, Australia and New Zealand). It should be noted that the OECD now includes three economies in transition (the Czech Republic, Hungary and Poland) and two developing countries (the Republic of ...