Definition of 'Third World'
The term "Third World" was first used in the 1950s to describe countries that were not aligned with either the United States or the Soviet Union during the Cold War. These countries were often seen as being on the "periphery" of the global economy, and they were often subject to political and economic instability.
In recent years, the term "Third World" has fallen out of favor, as it is seen as being outdated and derogatory. Many people now prefer to use terms such as "developing countries" or "low-income countries" to describe countries that are less developed than those in the "First World" and "Second World".
Despite the decline in its use, the term "Third World" still has some currency, and it is often used to describe countries that are struggling to develop economically and socially. These countries often face a number of challenges, including high levels of poverty, unemployment, and inequality. They may also have weak institutions and governments, which can make it difficult to implement reforms and improve living standards.
The challenges facing Third World countries are significant, but there are also many opportunities for progress. These countries have a young and growing population, and they are increasingly connected to the global economy. With the right policies and investments, Third World countries can make significant progress in reducing poverty and improving living standards.
Here are some additional resources that you may find helpful:
* [The World Bank: Definition of a Developing Country](https://www.worldbank.org/en/news/factsheet/2015/11/17/world-bank-definition-of-a-developing-country)
* [The United Nations: Least Developed Countries](https://www.un.org/development/desa/dpad/leastdevelopedcountries/ldc_list.asp)
* [The World Economic Forum: Global Competitiveness Report](https://www.weforum.org/reports/global-competitiveness-report-2020-2021)
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