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Organisers hope the women’s strike – whose confirmed participants include fishing industry workers, teachers, nurses and the PM, Katrín Jakobsdóttir – will bring society to a standstill to draw attention to the country’s ongoing gender pay gap and widespread gender-based and sexual violence.
As someone from a third world country living in a first world country, yeah the difference is still there and depending on where you are in the third world, it’s not decreasing.
I think it’s mostly the term that is being criticised. It originated from the capitalist/communist/irrelevant categorization of countries during the cold war. As such it does not actually describe much. No one would call Russia a second world country. The definition and colloquial use has diverged.
The term developing country is in my opinion much more descriptive.