France–Germany relations side deals; it created a customs union and established the rules needed to make the competition mechanism work properly. As a sequence of this, booming European economies, fired by Germany, led to the formation of the new customs union known as the European Economic Community (EEC). But it did not go well as the organization of Europe, because only the members of the coal and steel community 'ECSC' (" the six": Belgium, France, Italy, Luxembourg, the Netherlands and West Germany) joined the EEC. Seven of the remaining nations belonging to the Organization of European Economic Cooperation (OEEC) which administered the
Developed country Terms linked to the concept "developed country" include "advanced country", "industrialized country", "'more developed country" (MDC), "more economically developed country" (MEDC), "Global North country", "first world country", and "post-industrial country". The term industrialized country may be somewhat ambiguous, as industrialization is an ongoing process that is hard to define. The first industrialized country was the United Kingdom, followed by Belgium. Later it spread further to Germany, United States, France and other Western European countries. According to some economists such as Jeffrey Sachs, however, the current divide between the developed and developing world is largely a phenomenon of the 20th century.