The term was also fashioned out of the categorization which included mainly the First, Second,

and Third World distinctions. This was by and large, influenced by the Cold War Era between the
USA and USSR.

First World, political and alliances with the US and as much of the Western world who preached
for Democracy and Capitalism.

The Communist bloc led by USSR (Union of Soviet Socialist Republic) / Russia, China and other
slates who employed Marxist principles are deemed to be part of the Second World.

Third World corresponds to the nonaligned states, the underdeveloped nations and state that
have unstable political and economical conditions.

The “Third World”, term that had been coined by the French Scholar Alfred Sauvy in 1952 to
distinguish formerly colonized and presently neo-colonized societies Asa, Africa and Latin
America from modernized “first” world of capitalism and the modernizing “second” world of
socialism.

By 1960s “Third World” would become a central political slogan for the radical left.

Third World, embarking on the long path to modernity, had one of two paths to follow, the
capitalist or the socialist. (Dirlick, 2007)

The term “Third World” was coined by states hoping to navigate between the two poles of the
Cold War gave birth to Non-Aligned Movement.

As Riggs (2007) pointed out some interchangeable terms that characterize the Third World –
The Less-developed World, the Majority World, Non -Western World, Poor World and the
Undeveloped World, all beaming with hues of economic dilemma and lack development.

Underdevelopment is being traced back to the historical events that led to Colonial patterns of
exploitation of Developed World in the 15 th-18th centuries as well as he modern clouts of Neo
Capitalism.