According to the Theory of Worlds, First World is the name used in the Cold War period to designate a set of capitalist countries of developed economies, they are currently called developed, central (rich) countries, which have high indicators social.
Given these characteristics, the population of these countries enjoys a high standard of consumption, a fact arising from the high per capita income.
The quantity of new products for consumption is expressive, that's why a lot is bought, even if it's not to meet basic needs (superfluous).
Based on this information, if the rest of the world had this same level of consumption, the resources would not be enough to supply all countries.
In countries with these aspects there is a relatively fair income distribution, thus, the difference in social classes are not so big, that is, the "distance" between a poor and a rich person, for example, is not exorbitant. Situation like this is the result of government intervention, charging higher tax rates from those who have greater purchasing power.
New York City (USA) is one of the largest financial centers on the planet.
Taxes are mandatorily reverted to social services, such as schools, housing, roads, hospitals, social security, among other programs that aim to guarantee the population a high quality of life.
Genuinely, in First World countries, democracy tends to be practiced, since the State suffers from citizens' demands and recognizes and seeks to execute them.
The factors that placed some countries in this category were, without a doubt, the pioneering industrialization process, the agricultural revolution and gradual urbanization.
According to the World Bank and the International Monetary Fund, the following are considered First World countries: Germany, Andorra, Australia, Austria, Belgium, Canada, Cyprus, South Korea, Denmark, Slovenia, Spain, United States, Finland, France, Greece, Ireland, Iceland, Israel, Italy, Japan, Liechtenstein, Luxembourg, Monaco, Norway, New Zealand, Netherlands, Portugal, United Kingdom, San Marino, Singapore, Sweden, Switzerland and Taiwan.
The main aspects that characterize First World countries are:
• Diversified industrial sector.
• Developed and strengthened economy.
• Modernized agricultural sector.
• Qualified workforce, using technologies in all sectors of activity.
• High scientific and technological development.
• Modern transport and communication systems.
• Urban population larger than rural.
• Economically active population inserted, especially, in the secondary and tertiary sector of the economy.
• High literacy rate.
• Excellent quality of life (good food, housing, quality sanitary service, high life expectancy, etc.)
• Modest natural or vegetative growth rate.
By Eduardo de Freitas
Graduated in Geography
Brazil School Team
General geography - geography - Brazil School
Source: Brazil School - https://brasilescola.uol.com.br/geografia/primeiro-mundo.htm
