INTRODUCTION OF POLITICS IN DEVELOPING COUNTRIES

First World

Most recently, the word "first world" has been used to describe a successful and prosperous nation that is characterized by political stability, democracy, rule of law, capitalist economy, economic stability, and high living standards. China, United States of America, Japan and France are the examples of the first world nations.

Second World

The phrase "second world" also includes nations that are more prosperous and industrialized than countries in the third world but less stable and less advanced than countries in the first world. This definition includes nearly all Latin and South America, Nigeria, Cambodia, South Africa, and many others as examples of second-world countries.

hThe phrase "Third World" can be used to describe a class of economically inferior nations. Historical studies have established a four-part segmentation to distinguish by economic status the world's economies. First World and Second World drop behind the Third World. Third world countries characterize as cultural heterogeneity, disparity of wealth, Ideological differences, conflicts within the Third World and poverty within countries.

Third World

The phrase "Third World" can be used to describe a class of economically inferior nations. Historical studies have established a four-part segmentation to distinguish by economic status the world's economies. First World and Second World drop behind the Third World. Third world countries characterize as cultural heterogeneity, disparity of wealth, Ideological differences, conflicts within the Third World and poverty within countries.

The Third World is described as a group of countries that share colonial history and are experiencing economic and social development. Most of these nations became independent from colonial powers after the Second World War. The concept of the Third World is too vast to capture the diversity of countries within. It is therefore necessary to examine the meanings and aims of giving such a ' label ' by looking at the third world from several different points of view such as non-alignment, solidarity, anti-imperialism, regionalism, a new international order and poverty.

Newly Industrialized Country (NIC)

A newly industrialized country (or NIC) is a developing economy that has moved from agriculture or raw material mining to the production of manufactured goods. Such nations have made important steps towards industrialization, and at some point in the near future they could be known as developed economies.