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Investments glossary

Second World


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Quotes of the day:

Those noble men who falsehood dread In wealth and glory ever grow, As flames with greater brightness glow With oil in ceaseless flow when fed.

— Sanskrit Proverb

The second world includes countries that were once controlled by the Soviet Union. Second world countries were centrally planned economies and one-party states. Notably, the use of the term second world to refer to Soviet countries largely fell out of use in the early 1990s, shortly after the end of the Cold War.

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