The phrase "third world" has nothing to do with economic conditions, and everything to do with allegiance to a particular policito-economic block. Thanks to the

The phrase "third world" has nothing to do with economic conditions, and everything to do with allegiance to a particular policito-economic block. Thanks to the work of the allies (and particularly the brits) during the closing parts of WW2 Greece is aligned with NATO after WW2. After the collapse of the soviet union I don't know that it makes much sense to talk about 1st, 2nd and 3rd world countries any more.