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Generally speaking the term "third world country" has been replaced in economic parlance as a "developing country". Developing can mean increasing agriculture production to help feed its people or even having some type of farm product available for export. In the case of developing nations we may normally see efforts of some people to relocate to wealthier nations. Once again, in general terms a developing nation is a poor nation.

An industrialized nation has factories to produce products for internal use and for export. Generally speaking, if a nation has developed an industrial base it also has farmlands. Normally an industrialized nation has a majority of its population above the poverty level.

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Q: What is the difference between an industrialized country and a third world country?
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