Originally Posted by Vong
The "Third World" was used to describe the areas of the world that did not conform to communism or embrace capitalism (the First and Second World). Since the Cold War is over, and people rarely (if ever) talk about the world in terms of capitalism/communism, it is an outdated term. The term "developing countries" has replaced it to represent the status of non-economically sufficient countries or those who are a budding capitalist country.
And the term is derogatory, as if you were to label a Native American an "Indian". The terms are not politically correct and represent the ignorance of the time they were widely used.
I guess we agree to disagree. Like you said (sort of) it is an economic measure not a means of insulting anyone.