 Japan, Singapore, South Korea, Taiwan, Hong Kong, Macao), and therefore left out when ""Western world"" is used to denote developed countries.Privatization policies (involving government enterprises and public services) and multinational corporations are often considered a visible sign of Western nations's economic presence, especially in Third World countries, and represent common institutional environment for powerful politicians, enterprises, trade unions and firms, bankers and thinkers of the "Western world".The existence of "The North" implies the existence of "The South", and the socio-economic divide between North and South.