JDG wrote: > > Developed world (1st World): > USA, Canada, Australia, NZ, Japan, Western Europe, and > usually Israel > > Nations in Transition (2nd World): > Eastern Europe, former Soviet Union > > Newly Industrializing Countries (A recent addition to the > classification in @1990): > The Asian Tigers: South Korea, Hong Kong, Taiwan, Singapore, > Malaysia, Indonesia, Philippines, Thailand > > Developing World (3rd World): > Latin America, Afrca, South Asia, Middle East > This is a ridiculous classification. Latin and South American countries are far more similar to the 1st World (because, with the exception of one country, all of them have democratic elections, freedom of speech and association, and a more or less capitalist economy) than to the "3rd World" countries or even the "2nd World" countries. Is this classification that investors use when they decide to apply money in the World? :-) Alberto Monteiro
