economically more developed country

economically more developed country
  previously known as developed, First World, The North, more developed and more economically developed country (MEDC). A country whose development has led to the presence of welfare criteria that allow the country to be termed economically more developed. These are generally the wealthiest countries in the world although anomalies occur. Some oil-rich Middle Eastern countries are very wealthy but do not display social welfare criteria. Some former Second World countries struggle economically but display complex, modern political structures. Terminology has changed to try and avoid unwarranted perceptions that people in different places may in some way be better than, or superior to, people in other places.

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