Third World - Where is it today?

The term "third world" was coined in 1952 according to Wikipedia.

Like the third estate, wrote Sauvy, the Third World has nothing, and it "wants to be something." The term therefore implies that the Third World is exploited, much as the third estate French commoners were exploited, and that, like the third estate its destiny is a revolutionary one. It conveyed as well a second idea, that of non-alignment, for the Third World belongs neither to the industrialised capitalist world nor to the industrialised communist bloc.

The economically underdeveloped countries of Africa, Oceania, Asia, and Latin America, considered as an entity with common characteristics, such as poverty, high birthrates, and economic dependence on the advanced countries were often nations that were colonised by a European nation historically.

According to political theorist Hannah Arendt , "The Third World is not a reality but an ideology."

Is there still a "third world"? Things can't be the same after 50 years! I'm no Harvard or even wannabe economist to demystify bulky topics such as world order. Hans Rosling's TED presentation about the myths of "third world" is definitely one of the best educational videos I have ever seen. Read his full bio. If you want to see in full screen, Have a look. Download the presentation, if you like it.