„First World Countries“
What does First World Countries stand for?
“Western, industrialized, non-communist countries,” was the previously accepted criteria, but in view of the emergence of Japan as an economic power and the rising status of Russia and China, “industrialized” is probably the only remaining valid criterium for a “First World Country” at this time.
Source:
Economic Theories and ConceptsView all itemsBryson, Bill. (1999). “Notes from a Big Country”. Doubleday Canada.
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