First World

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First World

A term for the most highly developed nations. It may be applied to any member of the OECD, though its usage is somewhat archaic. Originally, the term referred to the allies of the United States during the Cold War. The term still is still sometimes associated with the Cold War and has some negative connotations. As a result, so-called First World nations frequently are called developed nations. See also: OECD.
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References in periodicals archive ?
Incomes are fixed in this belt this way: The poorer workers' incomes rise a little as they take on First-World jobs; and First-World incomes drop a lot as its workers lose their former high-paying employment.