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.
Key Takeaways. The term "second world" was initially used to refer to the Soviet Union and countries of the communist bloc. It has subsequently been revised to refer to nations that fall between first and third world countries in terms of their development status and economic indicators.
The Second World consisted of the communist Soviet Union and its Eastern European satellites. The Third World, meanwhile, encompassed all the other countries that were not actively aligned with either side in the Cold War.
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.
Oceania is a region made up of thousands of islands throughout the Central and South Pacific Ocean. It includes Australia, the smallest continent in terms of total land area.
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.
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.
And the list of countries considered part of the new world are: USA, Canada, Argentina, Chile, South Africa, Australia, and New Zealand.
For example, in the Western theory, China and India belong respectively to the second and third worlds, but in Mao's theory both China and India are part of the Third World which he defined as consisting of exploited nations.
The Second World refers to the former communist-socialist, less industrialized states known as the Eastern Bloc.
The First World consisted of the U.S., Western Europe and their allies. The Second World was the so-called Communist Bloc: the Soviet Union, China, Cuba and friends. The remaining nations, which aligned with neither group, were assigned to the Third World.
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.
Many of the countries made rich by extracting oil reserves since the end of the Cold War, like Venezuela, Saudi Arabia, United Arab Emirates, Qatar, and others are now also considered economically developed First World countries.
Second world countries refer to the countries that lean more toward a socialist society, and generally were allied with the Soviet Union during the Cold War. These countries include Russia, Poland, China and some Turk states. Third world countries are all the other countries that did not pick a side.
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources. For a long time, commodities have made up a sizeable share of our exports.
Australia's 6 British colonies became one nation on 1 January 1901. The Constitution is one of the Commonwealth of Australia's founding documents.
This ranks us at number four globally in terms of wealth per capita, behind Switzerland, the US and Hong Kong. Australia is home to almost 2.2 millionaires, putting us in eighth position behind the US, China, Japan, the UK, France, Germany and Canada.
Australia is a highly developed country with a mixed economy. As of 2023, Australia was the 13th-largest national economy by nominal GDP (gross domestic product), the 19th-largest by PPP-adjusted GDP, and was the 20th-largest goods exporter and 24th-largest goods importer.
On a mean wealth basis, Australia was the fourth-richest country in 2021 behind Switzerland, the US and Hong Kong.
Australians are the richest people in the world, with a median wealth three times that of the average American, a new report has shown.
Australia's average wealth is just 1.8 times our median wealth; by contrast the UK's is 2.2 times greater, while the US is second worst out of the top 50, at 6.7 times.
Australia ranks as one of the best countries to live in the world by international comparisons of wealth, education, health and quality of life. The sixth-largest country by land mass, its population is comparatively small with most people living around the eastern and south-eastern coastlines.