Third World

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Third World

A term for developing countries. Originally used for countries that did not side explicitly with either the United States (the First World) or the Soviet Union (the Second World) during the Cold War, it has become a byword for countries with less wealth relative to others. The term is sometimes considered politically incorrect.

developing country

or

less developed country

or

underdeveloped country

or

emerging country

or

Third World

country a country characterized by low levels of GROSS NATIONAL PRODUCT and INCOME PER HEAD. See Fig. 51 . Such countries are typically dominated by a large PRIMARY SECTOR thatproduces a limited range of agricultural and mineral products and in which the majority of the POPULATION exists at or near subsistence levels, producing barely enough for their immediate needs, thus being unable to release the resources required to support a large urbanized industrial population. The term ‘developing’ indicates that, as seen by most such countries, the way to improve their economic fortunes is to diversify the industrial base of the economy by, in particular, establishing new manufacturing industries and by adopting the PRICE SYSTEM. To facilitate an increase in urban population necessary for INDUSTRIALIZATION, a nation may either IMPORT the necessary commodities from abroad with the FOREIGN EXCHANGE earned from the EXPORT of the (predominantly) primary goods, or it can attempt to improve its own agriculture. With appropriate ECONOMIC AID from industrialized countries and the ability and willingness on the part of a developing country, the transition into a NEWLY INDUSTRIALIZED COUNTRY could be made.

Certain problems do exist, however. For instance, increases in real income that are achieved need to be maintained, which means keeping population numbers in check. Illiteracy and social customs for large families tend to work against governmental efforts to increase the STANDARD OF LIVING of its citizens. Also, most of the foreign exchange earned by such countries is by exporting, mainly commodities (see INTERNATIONAL TRADE). See ECONOMIC DEVELOPMENT, STRUCTURE OF INDUSTRY, DEMOGRAPHIC TRANSITION, POPULATION TRAP, INTERNATIONAL COMMODITY AGREEMENTS, UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT, INTERNATIONAL DEBT.

References in periodicals archive ?
Andras worked with Cazabon through the Toronto Rotary Club, sponsoring the premier of 3rd World Canada, as well as the film's cross-Ontario tour.
Attending the 3rd World Conference on Dialogue Among Religions and Civilizations in Skopje in May this year was a follow-up to last year's 14-day visit with around 30 participants led by Monsignor Wilm Sanders from the Catholic Church in Germany to monasteries all over Macedonia.
The Bahrain Chamber for Dispute Resolution (BCDR-AAA) delegation to the 3rd World Islamic Banking Conference (WIBC) Asia Summit in Singapore, includes as well as Hussain, Ali Abdulla Al Aradi Chief Registrar and Assistant CEO for Mediation and Mr Ali Dawani Business Development Assistance Director.
The 3rd World Junior Swimming Championships witnessed the participation of 528 swimmers (246 women and 282 men), representing 58 nations.
Hugh and Jessica now hope to visit Germany in August 2012 when the Welsh Black Cattle Society's 3rd World Conference will be hosted by the German Welsh Black Cattle Society.
We are achieving this as the whole nation," Topbas said at Istanbul's Ataturk Airport in his return from Mexico where he attended 3rd World Congress of the United Cities and Local Governments (UCLG) of the United Nations.
The 3rd World Congress of News Agencies was concluded last night with participation of Oman News Agency (ONA), besides, a number of Arab and World news agencies, which was held in San Carlos de Bariloche, Argentina and lasted several days.
He said that a renovated globalization, which is aimed at securing peace and prosperity for everyone, should be based on the respect for political, economic, social and cultural diversity, adding that this position was reaffirmed by HM King Mohammed VI in his message to the 3rd World Policy Conference held in Marrakech on October 16.
Buenos Aires, Argentine (SANA) -- The Syrian Arab News Agency (SANA) participated in the 3rd World Congress of News Agencies being held in the Argentinian capital of Buenos Aires.
The delegation took part in the 3rd World Conference of Parliament Speakers which was held at the European Union Headquarters at the United Nations in Geneva during July 19- 21.
Shura Council Chairman Ali bin Saleh Al Saleh and Representatives Council Chairman Khalifa bin Ahmed Al Dhahrani will lead the kingdom's parliamentary delegation taking part in the 3rd World Conference of Speakers of Parliament organised in Geneva by the Inter Parliamentary Union (IPU) from 19 to 21 July.