Quote:
Originally Posted by SoCalGirl
I'm not sure I understand why you find the phrase archaic.
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There are people and subdisciplines around the world who consider it outdated and derogatory. Such classifications are highly correlated with culture, race, ethnicity, and socioeconomics. The (predominantly white) people from the "First World" tend not to be the ones offended. Tell people from poorer and uncoincidentally darker shaded countries that they are "Third World" and some people do not care what you intended to convey regarding economists, capitalism, industrialism, etc.