During the time of President Roosevelt , he added his take idea to this doctrine and justified the intervention of the United States in the economic affairs of the small nations in Latin America especially if they are not able to settle their supranational financial obligations . Such an act may be seen as an outgrowth of the Monroe doctrine , especially if the US wishes to ensure the normal stability of the region . The terms First , Second and three Worlds were coined in relation to the Cold War . This term is no longer adequate since the Cold War is over and that it does not do justice to the political , economic situation of those countries that were considered as Third World . Poverty of nations may be attributed , early to the international dynamics of the distribution of wealth and the scarcity of resources and the need of technology to harness such natural resources...If you want to commence a full essay, order it on our website: Orderessay
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