The third world is not poor.
There are very few poor countries in the world. Most countries are rich. The Philippines is rich.
Brazil is rich. Mexico is rich. Chile is rich. Only poor people. But you can make billions there, cut them and take everything. There were billions of them over 400 years. The capitalist powers of Europe and North America cut down and took from them forests, flax, hemp, cocoa, rum, tin, copper, iron, rubber, bauxite, slaves and cheap labor. They took everything out of these countries. These countries are not developed. They are exploited by greedy people.