You said it in your question. They are more advanced which means they have better access to technology and other information which allows managers to "get the edge", over third world countries.
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Third World countries.
Third world countries typically have lower levels of economic development, infrastructure, and access to healthcare and education compared to first world countries. They may also have higher rates of poverty and political instability. In general, first world countries have more advanced economies, better healthcare and education systems, and higher standards of living.
Countries known as 'third world' are considered "developing nations" (i.e. Latin Amerca, Africa etc.) 'First world' countries are industrialized or 'advanced' nations (i.e. United States, Western Europe etc.) 'Second world' was a term coined for the U.S.S.R. when in existence, but with it's dissolution the term is now hardly used.
third world countries which are in debt to countries which have more money and material. Third world is when devolving countries are in debt. countries like Africa which have no money or materials .
There are 47 third world countries today.
Today, the term "third world" is no longer used very much as it has been deemed politically incorrect by many. The term actually originated after WWII, when the Third World referred to countries that were neither communist nor capitalist and were therefore "up for grabs." Many of these countries were in Central/South America, Africa and Asia. As a result, third world is now synonymous with "developing world" or "global south." This basically means that a country has a lower per capita income, and has less developed industries and infrastructure (healthcare, education system, roads, etc.) Many "third world" countries struggle heavily with debt, poverty, and diseases. The "advanced" countries are generally referring to places like the United States, Western Europe, Canada, Australia, etc. These countries generally have a high per-capita income, developed national industries, high levels of education, higher life expectancy, more civil and political rights and a general higher quality of life.
Countries that got democracy post 1974 are called third wave countries. e.g. nepal
Third World debt is external debt incurred by Third World countries. Third World debt is external debt incurred by Third World countries.
The term "Third World" originated during the Cold War, when several countries (primarily the US and the Soviet Union) were in constant political/economic conflict and competed fiercely with each other. The US and its allies, who were democratic and capitalistic countries, were called the "First World," while the Soviet Union and its affiliated countries were communist and were referred to as the "Second World." "Third World" was then used to describe all the other neutral or non-aligned (as in, not capitalist or communist) countries. However, in modern times, it is often used to refer to poor or socioeconomically less advanced countries. This is because the US and the Soviet Union competed intensely and made incredible advances in technology/education/etc. during the Cold War, leaving the Third World less advanced relative to them. Additionally, many Third World countries were former colonies, and were left to build their own nations/governments when imperialism ended, presenting a disadvantage in trying to develop as quickly as the First and Second Worlds.
No. Phillippines and India are not considered Third World countries.
Yes, but third-world countries are now called "developing countries."