what is a frontier nation 
the term frontier nation is used primarily by investment professionals who specialize in international investing it describes a nation that seems poised for fast economic development investments in these countries is seen as offering potentially high rewards at substantially high risk the bottom linethe term third world was coined in a very different time in the wake of world war ii it seemed reasonable to classify nations as capitalist powers the first world communist countries the second world and countries that are neither the third world current classifications will probably seem equally outdated in 70 years but for now there are developed nations developing nations and underdeveloped nations 