1. A country that was aligned with the West and opposed to the
Soviet Unionduring the Cold War. Since the collapse of the Soviet Union in 1991, this use of First World has largely gone away.
2. A country characterized by political stability, democracy, rule of law, a capitalist economy, economic stability and a high standard of living. Various definitions have been used for First World nations, including GDP, GNP and literacy rates. The Human Development Index is also a good indicator in determining First World countries.
First-world countries have stable currencies and robust financial markets, making them attractive to investors from all over the world. Examples of first-world countries include the
, United States , Canada , Australia , New Zealand and the Western European countries. First-world countries are in the minority; most countries are classified as second- or third-world. Japan
Investment dictionary. Academic. 2012.
Look at other dictionaries:
First World — n. [occas.f w ] the countries of the world that are well developed economically and industrially and that have a relatively high standard of living … English World dictionary
First World — n the First World the rich industrial countries of the world →↑Third World >first world adj [always before noun] ▪ first world economies … Dictionary of contemporary English
First World — First′ World′ n. gov the major industrialized, non Communist nations of the world • Etymology: 1970–75 … From formal English to slang
First World — N PROPER: the N, N n The most prosperous and industrialized parts of the world are sometimes referred to as the First World. Compare Third World. [BUSINESS] Although South Africa has many of the attributes of the first world some good… … English dictionary
first World — Meaning Originally the term referred just to the USA (see origin below), but now is understood to mean the most industrially developed, wealthy and powerful nations of the world. These countries are often referred to loosely as The West ,… … Meaning and origin of phrases
first world — rich The language of those for whom talk of poverty and backwardness is offensive: And then 50,000 First World Citizens Brits, Americans, French, German, Spanish, Swedish, Danish name it. (Forsyth, 1994) The Second World was… … How not to say what you mean: A dictionary of euphemisms
First World — noun (singular) the rich industrial countries of the world compare Third World first world adjective (always before noun) … Longman dictionary of contemporary English
First World — /ˈfɜst wɜld/ (say ferst werld) (also lower case) –noun 1. the economically developed, capitalist countries collectively, characterised by industrialisation, a comparatively high standard of living and usually a long term democratic political… … Australian English dictionary
First-World — See First World. * * * … Universalium
First World — North America, Western Europe, Japan, and Australasia. The term was originally applied to the first group of countries to industrialize and to achieve high levels of growth and a rising standard of living for their populations. See also Third… … Dictionary of sociology