Definition of First World Countries

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TeachMeFinance.com - explain First World Countries



First World Countries -- "Western, industrialized, non-communist countries," was the previously accepted criteria, but in view of the emergence of Japan as an economic power and the rising status of Russia and China, "industrialized" is probably the only remaining valid criterium for a "First World Country" at this time.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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