Which of the following statements is correct?

a- The rich and developed countries of the First World are generally referred to as the ‘Global North'.
b- The poor and developing countries of the Third World are generally called the ‘Global South’.

Both Statements are correct.

The correct answer is Option 3 - Both Statements are correct.

Given statements:

a- The rich and developed countries of the First World are generally referred to as the ‘Global North'.
b- The poor and developing countries of the Third World are generally called the ‘Global South’.

What was obvious at the Rio Summit was that the rich and developed countries of the First World, generally referred to as the ‘global North’ were pursuing a different environmental agenda than the poor and developing countries of the Third World, called the ‘global South’.