1. THC 1
MACRO PERSPECTIVE OF
TOURISM AND HOSPITALITY (for HM)
or
PRINCIPLES OF TOURISM I (for TM)
1st Semester
Academic Year 2022 – 2023
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6. FIRST WORLD COUNTRIES
"First world," a term developed during the Cold War in the 1950s,
originally referred to a country that was aligned with the United States
and other western nations in opposition to what was then the Soviet
Union and its allies.
Since the collapse of the Soviet Union in 1991, the term's meaning
has largely evolved.
Currently, it describes a developed and industrialized country
characterized by political and economic stability, democracy, the rule
of law, a capitalist economy, and a high standard of living.
https://www.investopedia.com/terms/f/first-world.asp#:~:text=Examples%20of%20first%2Dworld%20countries,countries%20are%20defined%20can%20vary.
7. DEVELOPED COUNTRIES 2022
https://worldpopulationreview.com/country-rankings/developed-countries
The Human Development Index (HDI) is a summary
measure of average achievement in key dimensions of
human development: a long and healthy life, being
knowledgeable, and having a decent standard of living.
- The health dimension is assessed by life expectancy at
birth.
- The education dimension is measured by mean of
years of schooling for adults aged 25 years and more
and expected years of schooling for children of school
entering age.
- The standard of living dimension is measured by gross
national income per capita.
8. THIRD WORLD COUNTRIES
"Third World" is an outdated and derogatory phrase that has been
used historically to describe a class of economically developing
nations. It is part of a four-part segmentation that was used to
describe the world’s economies by economic status.
Today, the preferred terminology is a developing nation, an
underdeveloped country, or a low-and-middle-income country (LMIC).
https://www.investopedia.com/terms/t/third-world.asp