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All countries labeled as 'Third World' are equally poor and have the same needs for international aid.
Countries with higher GDP and GNI are typically better positioned to provide aid rather than receive it.
The classification of countries into 'First World' and 'Third World' is still the most accurate way to analyze their economic situations.
Countries that experience economic growth are no longer affected by global inequalities.
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Key Concepts
Global Stratification
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