How_Useful_Is_The_Term_“Third_World”_In_Today’s_Economic_And

How Useful Is The Term “Third World” In Today’s Economic And Political System' How useful is the term “Third World” in today’s economic and political system' The term "Third World" is an inexact and popularly misunderstood designation for the emerging nations of the world. The term is referring to the less developed countries of Asia, Africa, Oceania, and Latin America. This report will look at how useful this term is, the definitions of the different ‘worlds’ and the relevance of this class system. The current economic and political systems can often affect the relevance of this term. This report will look at how the political systems in power and the economic systems of production, distribution and consumption make this term more or less needed. The ‘Third World’ countries all have similar characteristics such as, high birth rates, poverty, high infant morality, high death rates, short life expectancy and dependence on the more advanced countries or ‘first world’. The Third world is also highly differentiated because the countries it includes have a varied amount of economic development. “The term Third World was originally intended to distinguish the non-aligned nations that gained independence from colonial rule beginning after World War II from the Western nations and from those that formed the former Eastern bloc, and sometimes world, term, countries, third, less, economic, developed, nations, worlds, systems, system, similar, political, high, asia, africa, less, widely, useful, terms, states, report, relevance, rates, people, oceania, much, look, latin, fourth, forth, former, example