First, Second and Third Worlds

First, Second and Third Worlds - Part 3

1. Countries of the Third World are those which remain outside of the first two categories.

2. The term le tiers monde - the Third World - was coined by a French demographer, Alfred Saubey in 1952. The concept of the third world was a typical product of the Cold War era.

3. It includes the oil rich countries like Saudi Arabia, South Korea, Taiwan, Singapore and Hongkong. They are developed countries.

4.In the most of the Third World, government structures and institution are generally weak, weather they are based on capitalist or socialist models.

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