What are the biggest differences between the first world nations and the third world nations?

Question

There are plenty of failed capitalistic economies in the third world. Corruption seems to thrive in most third world nations. Many third world nations have tremendous natural assets. There are first world nations with very limited natural assets.

Answer 1

First world nations are built on a European legacy of history and tradition.
Third world countries i.e. in Africa are built on an African legacy of history and tradition.
If you grow up in a third world country you are more able to understand what Afro-centric philisophy of life and future progress is all about. It is very complex. So complex that many times it does not compare with the Euro-centric reasoning as logical or realistic.
Take the languages for example: They belong to different traditions and ways of life. More rural and practical rather than evolutions of complex scientific and mathematical principals.
To marry Euro-centrism with Afro-centrism will take a few centuries, it is a process that cannot be hurried.

Answer 2

The biggest differences are the rate of Economic Growth, thus Economic Development and moreover the level of funds that can easily be dispensed for improving the global status of a country. Most third world countries, although they have natural resources there are not enough funds to support local trading of such resources, thus all profitable investments could basically exist due to foreign interest in the third country. This however, leads to exploitation of these resources and the country would hardly if ever obtain recognition for its resources.

Answer 3

I think the big difference is that the third world nations have distorted and highly dependent economies devoted to producing primary products for the developed world and to provide markets for their finished goods, high birth rates and population growth, and traditional, rural social structures.

If you look at most first world nations, they're birth rates are either steady or falling, social structures are urban and generally secular, and most have a trade deficit where they are importing far more goods than they are exporting.

Answer 4

The second World.

Answer 5

The second world nations.

Answer 6

Biggest difference between first and third world nation, is that they had a stable unified government, and a strong military force don't felt treat by neriboor, and a good economy system (currency)

Answer 7

Rule of law. Free market economy, National identity

Answer 8

First world nations, percentage wise, feed, clothe and shelter most of their citizens. They are able to utilize their countries natural resources. Crime is lower in first world countries (as I understand it but I find it hard to be true) and in addition, most first world countries are able to utilize nuclear power. Often third world countries are in areas were climate is a huge problem so famine, drought and disease is prevelant.

Answer 9

Educated populations.

Answer 10

Running water, food, medical care, or any psysiological need is scarce in 3rd world countries.