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Glossary:Triad

From Statistics Explained

The Triad refers to the three centres dominating the world economy until the late 1990's: the United States (US), the European Union (EU) and Japan (JP); or, somewhat more broadly, North America, (Western) Europe and Japan.

Since the turn of the millennium, however, the collective economical weight of the Triad has declined by the rapid emergence of the so-called BRIC (Brazil, Russia, India and China - or BRICS, including South Africa) and Next eleven (N-11) countries (Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam). As a result the term is now less widely used.

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