POL201Y1 Lecture 3: LEC 3
Document Summary
The origins and development of the concept of the third world. The first world: democratic, capitalist, politically stable, large, middle class, high industrialization, better distribution of wealth, etc The second world: socialists/communist states, characterized by rough equality, one party system/state, command economy ( planned economy and relative industrialization) The third world: all countries of the south with a few exceptions. G8- north america, western europe, and japan, australia, new zealand. Large middle class modern and large cities and high educated population. Former socialist countries including the ussr eastern europe, cuba, north korea, and some countries in africa (soviet union) Centralized and command economy (work for the government) Have undergone radical transformation since 1989 (the wall of germany breaking down east and west socialists and capitalists) Czech republic is now a successful capitalist state. Many have joined the european union (its a capitalist state) Some countries went up whereas others struggle in their transition to liberal democracy and market economy.
