Associated Theories: Third World
Associated Theories: Third World
started to use the term less economically developed country for the poorest nations—which can,
in no sense, be regarded as developing. This highlights that the standard of living across the
entire developing world varies greatly. Other terms sometimes used are less developed
countries, underdeveloped nations, low and middle income countries (LMICs) and non-
industrialized nations. Conversely, developed countries, most economically developed
countries, industrialized nations are the opposite end of the spectrum.
At the development level, anthropologist and researcher Jason Hickel has challenged the
narrative that the rich countries of the OECD help the poor countries develop their economies
and eradicate poverty. Hickel states that the rich countries "aren’t developing poor countries;
poor countries are developing rich ones."[31]
In 2015, the World Bank declared that the "developing / developed world categorization" is
becoming less relevant, due to worldwide improvements in indices such as child mortality rates,
fertility rates and extreme poverty rates.[3] Accordingly, World Bank is phasing out use of that
descriptor. Instead, the reports by Worldbank (such as the World Development Indicators (WDI)
and the Global Monitoring Report) now include data aggregations for the whole world, for
regions, and for income groups – but not for the “developing world”.[3][5]
Third World[edit]
Main article: Third World
Over the past few decades since the fall of the Soviet Union and the end of the Cold War, the
term Third World has been used interchangeably with developing countries, but the concept has
become outdated in recent years as it no longer represents the current political or economic
state of the world. The three-world model arose during the Cold War to define countries aligned
with NATO (the First World), the Communist Bloc (the Second World, although this term was
less used), or neither (the Third World). Strictly speaking, "Third World" was a political, rather
than an economic, grouping.[27]
Global South[edit]
Main article: Global South
The term "Global South" began to be used more widely since about 2004.[32][33] It can also include
poorer "southern" regions of wealthy "northern" countries.[34] The Global South refers to these
countries' "interconnected histories of colonialism, neo-imperialism, and differential economic
and social change through which large inequalities in living standards, life expectancy, and
access to resources are maintained".[35]
Associated theories[edit]
The term "developing countries" has many research theories associated with it (in chronological
order):
Economy[edit]
Common challenges[edit]
Development economics
Economies by region
Africa
North America
South America
Asia
Europe
Oceania
v
t
e
The global issues most often discussed by developing countries include globalisation, global
health governance, health, and prevention needs. This is contrasted by issues developed
nations tend to address, such as innovations in science and technology.[43]
Most developing countries have these criteria in common:[44][45]
High levels of poverty – measured based on GNI per capita averaged over three years.
For example, if the GNI per capita is less than US $1,025 (as of 2018) the country is
regarded as a least developed country.[45]
Human resource weakness (based on indicators of nutrition, health, education and
adult literacy).
Economic vulnerability (based on instability of agricultural production, instability of
exports of goods and services, economic importance of non-traditional activities,
merchandise export concentration, handicap of economic smallness, and the percentage of
population displaced by natural disasters).
Urban slums[edit]
Main article: Slum