Capitalist world | Wikipedia audio article
Channel: wikipedia tts
Date: 16/06/2019

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/First_World


00:00:55 1 History
00:03:00 1.1 Shifting in definitions
00:03:57 1.2 Other indicators
00:05:39 2 Three World Model
00:08:26 2.1 Post Cold War
00:08:54 3 Relationships with the other worlds
00:09:04 3.1 Historic
00:11:26 3.2 Present
00:14:17 3.3 Environmental impact
00:15:47 3.4 International relations
00:16:33 3.5 Development theory
00:18:02 4 Globalization
00:19:17 4.1 European Union
00:23:21 4.2 Multinational corporations
00:25:59 4.3 Outsourcing
00:27:48 5 See also



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SUMMARY
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The concept of  First World originated during the Cold War and included countries that were generally aligned with NATO and opposed to the Soviet Union during the Cold War. Since the collapse of the Soviet Union in 1991, the definition has instead largely shifted to any country with little political risk and a well functioning democracy, rule of law, capitalist economy, economic stability and high standard of living. Various ways in which modern First World countries are often determined include GDP, GNP, literacy rates, life expectancy, and the Human Development Index. In common usage, as per Merriam-Webster, "first world" now typically refers to "the highly developed industrialized nations often considered the westernized countries of the world".