Resource title

Third World, Doing Business in the

Resource image

image for OpenScout resource :: Third World, Doing Business in the

Resource description

The term "third world" came into use in grouping countries by their economic status. The industrialized countries located mainly in the West were categorized as the "first world," the once-communist countries of the East as "second world," and the rest of the developing countries as the "third world." With the dismantling of the Soviet Union and the discarding of communism by the Eastern European countries, the "second world" has lost its meaning and the term "third world" has become a misnomer.

Resource author

Resource publisher

Resource publish date

Resource language

en

Resource content type

text/html

Resource resource URL

http://www.referenceforbusiness.com/encyclopedia/Thir-Val/Third-World-Doing-Business-in-the.html

Resource license

Copyright © 2011 Advameg, Inc.