What is the difference between 1st world and 3rd world countries?

People often use the term “Third World” as shorthand for poor or developing nations. By contrast, wealthier countries such as the United States and the nations of Western Europe are described as being part of the “First World.” Where did these distinctions come from, and why do we rarely hear about the “Second World?”

Are Third World countries rich or poor?

Because many Third World countries were economically poor and non-industrialized, it became a stereotype to refer to developing countries as “third world countries”, yet the “Third World” term is also often taken to include newly industrialized countries like Brazil, China and India now more commonly referred to as …

What are the 1st 2nd and 3rd worlds?

1—The bloc of democratic-industrial countries within the American influence sphere, the “First World”. 2—The Eastern bloc of the communist-socialist states, the “Second World”. 3—The remaining three-quarters of the world’s population, states not aligned with either bloc were regarded as the “Third World.”

What makes a country 3rd world?

A Third World country is an outdated and offensive term for a developing nation characterized by a population with low and middle incomes, and other socio-economic indicators.

What makes a country third world?

Which country is the richest third world country?

However, India might be considered the richest third world country. India’s GDP is the third largest, just above Japan. Also, India is a member of BRICS (Brazil, Russia, India, China, and South Africa). BRICS are five emerging national economies.

What is the difference between First World and third world countries?

The first world referred to the NATO countries which included the United States, Canada, Japan, the countries comprising the Western Europe, and other allies. The Second World referred to the Soviet Union, China, Cuba, and their allies. The Third World was a group of nations, which was aligned neither to the NATO countries or the Communist bloc.

Who coined the term Third World?

The Third World was a group of nations, which was aligned neither to the NATO countries or the Communist bloc. The phrase ‘Third World Countries’ originated in 1952 during the time of the Cold War. Alfred Sauvy, a French economic historian, coined the phrase.

What are the challenges faced by third world countries?

Poverty is one of the biggest challenges that the Third World Countries are grappling with. It has been estimated that around 1.3 billion people who are living in Third World Countries live on an income of less that $1.50 per day which makes it really hard to live a decent life. Poverty has a devastating effect on the person as well as the nation.