what is the third world 
the phrase third world was used to characterize nations that existed outside the economic and political ties that bind the industrialized countries around the world many are former colonies of european nations the term third world is today considered pejorative a nation might now be considered developing or frontier a developing nation is intent on improving the infrastructure education system health system and trade ties that are necessary to improve living standards a frontier nation might be just beginning that process there also are the nations that the united nations terms the least developed formerly termed the fourth world nations they remain isolated from the rest of the world s economic systems technology and politics 