Third World? Developing Countries? LDCs? Global South?

What do we call a country that isn't part of Europe, East Asia, or American north of the Rio Grande? Or, more importantly, why do we need to categorize countries according to their level of "development?" Is it a division into the haves and have-nots or certain countries proving they are better than other countries? This latest article from our Geography Intern Jessica Karpilo explores the nebulous categorization of countries.  Read the article and share your thoughts here..