Whether you use “Third World” or “Developing” to describe a certain country, both terms mean the same thing: poor. But it didn’t always mean that. During World War I, First World was used to refer to ...

Although the origins of the model aren’t entirely clear, here’s how first-, second-, and third-world countries have been defined: Terms like “first world” and “third world” are ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Peter Westfall is a distinguished professor of information ...

The First World, particularly the United States ... Where did these distinctions come from, and why do we rarely hear about the “Second World? Are Third World countries less developed? Today, the term ...

First, a brief lesson on the history behind first, second, third and fourth worlds ... according to NationsOnline. A “second world” country includes the past communist-socialist countries ...

Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. Investopedia ...

The actual meaning of 'First World', 'Second World', and 'Third World' has since been distorted from its roots in political ideology, to now representing a country's economic definition.

‘First World’ Greece is one of the poorest in Europe. The country had to be bailed out of its unsustainable debts a couple of years ago. ‘Third’ or ‘Second’ world China is about to ...

Is there any way to talk about rich countries ... First World, the Communist Bloc was defined as the Second World, and nonaligned nations, which were predominantly poor, were designated the Third ...