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 ?
More substantively, while Slobodian argues that "the most direct legacy of the New Left engagement with the Third World were the parallel strains of anti-imperialism and humanitarianism" (p.
Nevertheless Westad is certainly correct in concluding that the political costs of continued Soviet involvement in the Third World were disastrous at a time when the people of Russia were suffering from the consequences of Soviet economic decline.
They had gone to other publishers prior to coming to Third World Press, but they all said it would take a year to get the book out," recalled Madhubuti.
Some despotic Third World rulers do amass personal fortunes at the expense of the less fortunate but then, given the centuries of plundering by the Europeans, they are in excellent company.
Helena, where coffee has always been a vital crop, Wild informs the reader that he intends to show "how the history of coffee and colonialism evolved together over the last five hundred years to forge an unholy alliance that still exists for the benefit of Western coffee consumers at the expense of the people of the Third World countries" It's an ambitious and admirable goal, but one seemingly too complicated for a writer of Wild's modest literary gifts.
Those dollars will be finding their way home as third world savers make the switch from dollars to euros, pounds, or gold.
There's an awful lot of books out there that still have value for Third World seminarians who are desperate for material," he said.
And as Europe is dying, the Third World adds a hundred million people every fifteen months.
Therefore, critiques by black and third world women have pointed to the inability of these theories to speak to their experiences "in any meaningful way.
According to Ehrenreich and Hochschild, the dirty little secret of globalization is that we are witnessing the rise of a new servant class, and that a growing number of the people taking care of our homes and families are poor women from the Third World who can find no other way to pull their families and indebted nations out of poverty.
Religion, Globalization and Political Culture in the Third World is a contribution from eleven authors.
For myself, I recalled being at a loss when the editors of a book rejected an article I had written about the importance of personal motivation in Third World development projects.

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