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I think we should start with 3rd world term. Because this content and behind the idea of content will about 3rd world countries education system and their economies. So, let's start.

What is the third world country?

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The definition of the Third World Country first emerged during the Cold War. During the Cold War period, increased tensions between NATO and the Communist Bloc and political games directly affected this process. So, the concept was used to define countries that aren't compatible with NATO or the Communist Bloc.

While the United States, Canada, Japan, South Korea and Western European countries are defined as the First World, The Soviet Union, China, Cuba and allies are defined as Second World. The countries outside these two poles were categorized as Third World. In this respect, all the countries of the world were divided into three groups in terms of political, economical and power. This distinction made during the Cold War still continues today and the definition of the Third World Country is still actively used.

The "three worlds" of the Cold War era, between April 1975 and August 1975.
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Third world countries economies

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Economic development is the process by which a nation develops economic, political and social well-being. In Third World countries, this process is slow and generally below the desired rate. Modernization and industrialization directly affect the economic development of countries. That is why economic, social and educational reforms are often carried out in third world countries. It is also directly related to economic development, environmental and environmental problems. Developing economically and educationally countries tend to be more peaceful in their approach to social and environmental problems.

“More than half the people of the world are living in conditions approaching misery. Their food is inadequate, they are victims of disease. Their economic life is primitive and stagnant. Their poverty is a handicap and a threat both to them and to more prosperous areas. For the first time in history humanity possesses the knowledge and the skill to relieve the suffering of these people ... I believe that we should make available to peace-loving peoples the benefits of our store of technical knowledge in order to help them realize their aspirations for a better life… What we envisage is a program of development based on the concepts of democratic fair dealing ... Greater production is the key to prosperity and peace. And the key to greater production is a wider and more vigorous application of modem scientific and technical knowledge."

A supply and demand diagram, illustrating
the effects of an increase in demand.
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This is part of the speech of USA president Harry Truman in 1949. In other words, we can say that the strengthening of a state in social and political sense depends on its economic strength. In a country where economy is strong, the people live in prosperity and happiness. Unemployment rate is low. These are often problems that Third World countries try to solve. How can it strengthen the good economy?

Importance of education system for economie

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I think Estonia is a great example for this. The history of formal education in Estonia dates back to the 13–14th centuries when the first monastic and cathedral schools were founded. But now the country mostly Atheist and have great score about education. Of course education not relevant with religion but for 3rd world countries, somethimes this can be change. Estonian education system have three step basicly. Responsibility, Necessity , Opportunities. The system offers high quality, contemporary and flexible learning opportunities.

World map by quartiles of Human Development Index in 2017.
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So, this kind a system effected economie and tech. So, this kind a system is affecting economy and tech. Every student will have their own skills about different department. Some of them will be developer, some of them will be banker. But all of them will be educated and who will have a confortable life. That is why third world countries need to invest in education. Education reforms have a positive impact on the economy of the country in the long run. This increases the proportion of social order and wealth. Accelerates growth. The road to the economy goes through long training courses.

Info Source :

• http://www.wikizero.org/index.php?q=aHR0cHM6Ly9lbi53aWtpcGVkaWEub3JnL3dpa2kvVGhpcmRfV29ybGQ
• http://www.wikizero.org/index.php?q=aHR0cHM6Ly9lbi53aWtpcGVkaWEub3JnL3dpa2kvRWNvbm9taWNfZGV2ZWxvcG1lbnQ
• https://www.hm.ee/en/activities/pre-school-basic-and-secondary-education