Routledge Dictionary of Economics, Second Edition
Developing economies apart from oil producers, with low per capita incomes, large agricultural sectors and a shortage of most kinds of capital. Some have defined the Third World as those countries in receipt of FOREIGN AID.
See also: First World; Second World
References
Reitsma, H.A.
and Kleinpenning, I.M.G. (1985) The Third World in Perspective, Assen and Maastricht: Van Gorcgum.
Reynolds, L.G (1985) Economic Growth in the Third World, 1850–1980, New Haven, CT, and London: Yale University Press.
Worsley, P. (1967) The Third World, 2nd edn, London: Weidenfeld & Nicolson.
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