![the world according to karl the world according to karl](https://images.milledcdn.com/2019-01-21/7cwsbnaLwYJNOwCH/c@2x.jpg)
On the other hand, the Third World comprises of the impoverished nations that supply the bulk of natural resources and human labor exploited by the wealthy states. In other words, the First World is made up of wealthy nations which possess and benefit mainly from the means of production. In actual sense, the First World and Third World represent the core and periphery of the global system respectively.
![the world according to karl the world according to karl](https://www.nydailynews.com/resizer/la-GUUt7xRb3WnfSNqGcrNnw8bA=/800x1204/top/arc-anglerfish-arc2-prod-tronc.s3.amazonaws.com/public/E3QMS7S2XRK52Z4E54HFKNQVXA.jpg)
According to this theory, the First World and Third World are simply constituents of a bigger world system that was introduced by European colonialism in the 16th century. The world-system theory is an example of the most successful international relations theory developed directly from Marxism. The different Marxist theories of IR concur that the global state system was created by capitalists and hence is used to protect the interests of the rich capitalist states and companies which seek to increase their wealth. As a result, economics takes precedence over politics. Learn More Basic Principles Marxist ApproachĪccording to Karl Marx, the world is separated by economically determined classes and not along political lines.