THIRD WORLD
Third World" and
GLOBAL SOUTH
In some aspects, the Global "Periphery" are terms used
South is not the same as the to describe regions outside of
Global South as associated
Third World, despite the fact Europe and North America that are
with the rise of neoliberalism
that they share some mostly (but not exclusively)
and this new geography of production,
characteristics (and at times low-income and frequently
soaring rates of unemployment and wage
they are used politically or culturally marginalized.
disparities, feminization of workforce
interchangeably). ... They Third World is an outdated and
(especially in export processing zones).
are, nonetheless, very much derogatory phrase that has been used
Hong Kong
a part of the Global South historically to describe a class of
due to their economic economically developing nations.
Singapore
structures and even socio- Today the preferred terminology is
Shanghai
cultural factors. a developing nation, an underdeveloped
Bahrain
country, or a
Dubai
low- and middle-income country (LMIC).
Global North
Global South - Accordingto the author, the global
North refers to the developed
- Less economically developed societies of Europe
BOTH ACTUALLY THINK THAT and North America,
countries(LEDCs) defining the South a which are characterized by
THERE IS NO OTHER
SIMILARITIES BETWEEN THE established democracy,
s developing or poor countries.
TWO EXCEPT BOTH ARE GOING wealth, technologica
TO REPLACE YHE OLD l advancement,
There are countries that are belong to
CATEGORIZATION ( THE FIRST, political stability
SECOND AND THIRD WORLD) AS , aging population
the Global South:
THOSE WERE PERCEIVED AS THE , zero population growth and
-AFRICA MEANING ANS YET YHE NEW dominance of world trade and
TERMINOLOGIES ARE NO BETTER politics. There
- LATIN AMERICA JUST SUBTLER IN THE WIDER are countries
SCOPE THAN JUST ECONOMICAL that are to Global North:
-INDIA CLASSIFICATION - UNITED STATES
-CANADA
-CHINA - WESTERN EUROPE
- DEVELOPED COUNTRIES
-MIDDLE EAST IN ASIA
- AUSTRALIA