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 ?
In addition to attending the opening ceremony and plenary session of the 3rd World Internet Conference, Mr Yang held separate side meetings yesterday (November 16) with the Senior Executive Vice President and President of Social Network Group of Tencent, Mr Dowson Tong, and the Convenor of the working group ISO/IEC JTC 1/SC 27/WG 1, Professor Edward Humphreys.
To my understanding distress and burn out must have been more common due to socio-economic conditions and number of patient every physician needs to see in 3rd world countries.
Soltanifar, who has traveled to Macao in Southern China to attend the UNWTO on tourism economy, represents Iran in the 3rd World Economic Forum on Tourism.
He said the prize distribution ceremony will coincide with the launch of the first World Conference on Entrepreneurship, and the start of the 3rd World Global Week's events for Entrepreneurship Guidance in its third season.
worldz cuz we be runnin' outta room in da 3rd world 4000 children
Becoming 3rd world down there so if that's how the government run things then I'd rather be forgotten, should join Scotland.
Jakarta, Muharram 30, 1435, Dec 3, 2013, SPA -- The 3rd World Conference of Islamic Media opened here today under the auspices of Indonesian President Susilo Bambang Yudhoyono.
In 2007, Cazabon filmed the documentary, 3rd World Canada, which told the story of despair and hope in KI, where three suicides left eight children orphaned.
Beats China 201- 186 in 3rd World Cup at Medellin, Colombia
You participated in the 3rd World Conference on Dialogue Among Religions and Civilizations which was held in Skopje in May.
The genral director of MADA Mousa Rimawi stated that this competition was part of the activities for the May 3rd World Press Freedom Day for this year, as an effort to promote the culture of freedom of expression in Palestine, especially among youth who are the most active users of the social networks such as facebook.
Namibia is a poorly developed 3rd world country in Africa.