The updated categorization of economic development that is accepted by the United Nations includes first-,second-,and third-world country designations.

Question

Quizplus · Accepted Answer

The categorization of economic development that is accepted by the United Nations does not use first-, second-, or third-world country designations. These terms are outdated and were originally based on political alliances during the Cold War era. The current categorization used by the UN is based on levels of development, ranging from least developed countries to developed countries.

The Updated Categorization of Economic Development That Is Accepted by the United