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Booming India: no More a Third world

Third World: Definition

The economically underdeveloped countries of Asia, Africa, Oceania, and Latin America, considered as an entity with common characteristics, such as poverty, high birthrates, and economic dependence on the advanced countries. The French demographer Alfred Sauvy coined the expression (“tiers monde” in French) in 1952 by analogy with the “third estate,” the commoners of France before and during the French Revolution-as opposed to priests and nobles, comprising the first and second estates respectively. Like the third estate, wrote Sauvy, the third world is nothing, and it “wants to be something.” The term therefore implies that the third world is exploited, much as the third estate was exploited, and that, like the third estate its destiny is a revolutionary one.
Characteristics

The underdevelopment of the third world is marked by a number of common traits; distorted and highly dependent economies devoted to producing primary products for the developed world and to provide markets for their finished goods; traditional, rural social structures; high population growth; and widespread poverty.

India: From Third World country to third most powerful nation – The Times of India

WASHINGTON: Hard as it is to imagine it amid the chaos of Commonwealth Games preparations in New Delhi and a million small mutinies across the country, an official US report has declared India to be the fourth most powerful nation/bloc in the world after the United States, China, and the European Union.

Issued jointly by the US National Intelligence Council (NIC) and the European Union’s Institute for Security Studies (EUISS), the report “Global Governance 2025” says the United States remains the world’s most powerful country in 2010, accounting for nearly 22 per cent of the global power.

It is followed by China (12 per cent), and India (eight per cent). Japan, Russia and Brazil with less than five per cent each. Taken as a bloc, European Union comes second with 16 per cent of global power.

But an “International Futures model” measuring GDP, defense, spending, population and technology for individual states projects the relative political and economic clout of many countries will shift by 2025. The power of the US, EU, Japan and Russia would decline while that of China, India and Brazil would increase, even though there would be no change in the power list.

By 2025, the United States’ share of global power would decline from 22 per cent to 18 per cent, while China would rise up from 12 per cent to 16 per cent to displace EU (down to 14 per cent), making U.S and China as close 1-2. India will remain in third or fourth positions (depending on whether EU bloc is counted in or not) with its share of global power going up to ten per cent.

The 82-page report is the product of research and analysis by the NIC and EUISS following a series of international dialogues co-organized by the Atlantic Council, TPN, and other partner organizations in Beijing, Tokyo, Dubai, New Delhi, Pretoria, Sao Paulo & Brasilia, Moscow, and Paris with unnamed officials and strategic experts.

The report shows growing concern among Indian officials and analysts about China as they worry about an ”absence of an internal equilibrium in Asia to ensure stability.” India, they concede, is not well positioned to help develop regional institutions for Asia given China’s preponderant role in the region.

As a result, the report says, India is primarily interested in transforming global governance institutions. ”The Indians thought existing international organizations are ‘grossly inadequate’ to deal with mounting challenges…Many hoped the United States would continue to be very much part of the Asian region as a political, economic, and military power,” the report observes.

It also cites some Indian experts fearing that a system developed by the West, which includes democracy and rule of law, would suffer as the East (read China) becomes more powerful. ”It would be a pity if the West does not hang together to influence the future,” an Indian interlocutor is quoted as saying.

Regards,
Prateek

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