The term Third World was originally coined in times of the Cold War to distinguish those nations that are neither aligned with the West (NATO) nor with the East, the Communist bloc. Today the term is often used to describe the developing countries of Africa, Asia, Latin America, and Australia/Oceania.
Examples of first world countries include the United States, Canada, Australia, New Zealand, and Japan.
The world's 12th largest economy
Strong growth in 2021 solidified Australia's position as the world's 12th largest economy in 2021. Nominal GDP was around A$2.2 trillion (US$1.6 trillion) in 2021. Australia is home to just 0.3% of the world's population, but accounts for 1.7% of the global economy.
A strong and open economy
Australians enjoy some of the highest living standards in the world despite being home to only 0.3 per cent of the global population. Since 1992, our economy has grown faster than any other major developed country.
What is “Third World”? The modern definition of “Third World” is used to classify countries that are poor or developing. Countries that are part of the “third world” are generally characterized by (1) high rates of poverty, (2) economic and/or political instability, and (3) high mortality rates.
Key Takeaways. Fourth World refers to the most underdeveloped, poverty-stricken, and marginalized regions and populations of the world. Many inhabitants of these nations do not have any political ties and are often hunter-gatherers that live in nomadic communities, or are part of tribes.
People often use the term “Third World” as shorthand for poor or developing nations. By contrast, wealthier countries such as the United States and the nations of Western Europe are described as being part of the “First World.” Where did these distinctions come from, and why do we rarely hear about the “Second World?”
Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands.
And the list of countries considered part of the new world are: USA, Canada, Argentina, Chile, South Africa, Australia, and New Zealand.
Answer. The youngest country in the world is the Republic of South Sudan.
Australian household incomes are the seventh-highest in the OECD – a club of mostly wealthy countries – while mean household net worth is third-highest, behind only the United States and Luxembourg.
Approximately 58% of the Australian population is considered to be part of the middle class. What is the average annual income range for the Australian middle class? The average annual income range for the Australian middle class is between AUD 46,000 and AUD 140,000.
New South Wales: a diverse economy and high income
Among all the states and territories in Australia, New South Wales is considered the richest state. It has the largest economy, a diverse range of industries, and a higher-than-average income, which contribute to its status as the wealthiest state.
The term Third World was originally coined in times of the Cold War to distinguish those nations that are neither aligned with the West (NATO) nor with the East, the Communist bloc. Today the term is often used to describe the developing countries of Africa, Asia, Latin America, and Australia/Oceania.
Australia has a strong tradition of respect for the rights and freedoms of every individual. This tradition is founded on the rule of law, which is a core value of our democracy requiring that all authority be subject to, and constrained by, the law.
Australia is known for many things, including swathes of tropical beaches, marine reserves, Aboriginal culture, cute koalas, rolling wine country, and lush rainforests.
With the exception of a part of the Perth metropolitan area near Baldivis and Rockingham that is antipodal to Bermuda, the antipodes of Australia are in the North Atlantic Ocean, while parts of Spain, Portugal, France and Morocco are antipodal to New Zealand.
Australia is home to one of the 7 Natural Wonders of the World.
It is classified as an Alpha global city by the Globalization and World Cities Research Network, indicating its influence in the region and throughout the world. Ranked eleventh in the world for economic opportunity, Sydney has an advanced market economy with strengths in finance, manufacturing and tourism.
India has total wealth more than France, Canada, Australia and Italy while the US and China top the list of the wealthiest countries in the world, says a report by New World Wealth. India is world's sixth wealthiest country with total wealth of $8,230 billion, according to a report by New World Wealth.
Australians are the richest people in the world, with a median wealth three times that of the average American, a new report has shown.
First World: Western Bloc led by the US, the UK, NATO, Japan and their allies. Second World: Eastern Bloc led by the USSR, the Warsaw Pact, China and their allies. Third World: Non-Aligned Movement (led by India and Yugoslavia) and other neutral countries.
Second World countries are countries that are more stable and more developed than Third World countries which exist in parts of Africa, South and Central America and south Asia, but less stable and less developed than First World countries such as Norway, the United States, or France.