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3rd world countries are predominantly poor, yes they are Not named classified as such due to being poor but by financial statistics. Coincidenental. Take third world in this context to represent the majority of South American, African and sub continent countries.

Considering the majority of those people in third world countries would be above the poverty line for less than $6 a month per family, then that's pretty great.

They don't give everyone in the world money. Only those below the poverty line. Which is quite a low $ value in most countries.