Second World

'''Second World '''

definition          This term used to refer to the centrally Planned Communist Countries. Since the former Soviet Union and its Eastern European Iron Curtain States have collapsed and adopted a semi-capitalistic market economy, this term has become antiquated. However, China, Cuba, Vietnam, and North Korea remain as communist states with centrally planned or, at least in the case of China, government-dominated economies. The term may still have some residual utility.

http://faculty.ucc.edu/egh-damerow/global_south.htm