Third World
noun [ S ]
ECONOMICS old-fashioned ukusa name for the poorer countries of the world, for example some of those in Africa, South America, and Asia, that have less developed industry than other countries, and in which many people are poor:
The term "Developing World" is now considered to be more acceptable than "Third World".
The bank has long sought to foster growth in the Third World by financing state-owned industries.
Third World countries/economies/farmers
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developing