Is it correct to say that the “Philippines a third world country”?
These are the things you need to know to answer the question: “Is the Philippines A Third World Country?”
The term “third world country” has been used historically. Through the United Nations Development Program (UNDP) report, the human development index of a certain is being determined.
Economic metrics such as gross domestic product (GDP), GDP growth, GDP per capita, employment growth, and unemployment rate are used to determine the economic status of a country.
Based on the article in Business Mirror, in 2020, the UNDP report stated that the Philippines was rank 107, tied with Bolivia, among 189 economies.
However, the “third world county” being tagged to countries considered “poor” is a derogatory phrase and outdated, as an article in Investopedia stated.
The concept of first, second, third world countries were created during and after the Cold War and this started approximated from 1945 to the 1990s.
This kind of economic classification of countries even has “Fourth-World countries” in which countries under this are hardly recognized.
French demographer, anthropologist, and historian Alfred Sauvy coined the term Third World. He observed that these countries that later on received this tag were former colonies and that did not
French demographer, anthropologist, and historian Alfred Sauvy coined the term Third World. He observed that these countries that later on received this tag were former colonies and that did not share the Western capitalism or Soviet socialism’s ideological views.
Those countries that belong to the First World were aligned with the North Atlantic Treaty Organization and capitalism while the Second World countries were the Soviet Union and those that supported communism.
Meanwhile, the term Third World was given to Asian and African countries that is not aligned with the United States or the Soviet Union
Nowadays, the more accepted terms are “developing nation”, “an underdeveloped country”, or a “low- and middle-income country” or LMIC.
What can you say about this?
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