"Third World" is a phrase commonly used to describe a developing nation, but actually started as term used to describe a country's allegiance. A Third World country is a country whose views are not aligned with NATO and capitalism or the Soviet Union and communism. The use of the term "Third World" started during the Cold War and was used to identify which of three categories the countries of the world aligned with. The original definition for a Third World country, which referred to a country's allegiance, was straightforward, but now that definition is archaic. Third World countries were labelled during the Cold War to reference those nations that were not aligned with either the United States or the Soviet Union. Now that the Soviet Union no longer exists, the term Third World is still used, but the definition is not as precise and is open to some interpretation. 
The New Explanation of Third World Country is 
Third World countries are for the most part poor and underdeveloped. In these countries, low levels of education, poor infrastructure, improper sanitation and poor access to health care mean living conditions are inferior. Now a days any or all of the underdeveloped countries of the world, especially such countries in Asia or Africa that are not aligned with either the Communist or Non-Communist nations are also considered third world

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