Deng Xiaoping, the head of the pro-capitalist fraction in the Communist Party of China, presented publicly the conception of the “three worlds” at the Special Session of the U.N. General Assembly on April, 10, 1974, as Chairman of the Delegation of the People’s Republic of China. Here is an excerpt presenting it.
“The United States and the Soviet Union make up the First World. The developing countries in Asia, Africa, Latin America and other regions make up the Third World. The developed countries between the two make up the Second World (…).
Innumerable facts show that all views that overestimate the strength of the two hegemonic powers and underestimate the strength of the people are groundless. It is not the one or two superpowers that are really powerful; the really powerful are the Third World and the people of all countries uniting together and daring to fight and daring to win.
Since numerous Third World countries and people were able to achieve political independence through protracted struggle, certainly they will also be able, on this basis, to bring about through sustained struggle a thorough change in the international economic relations which are based on inequality, control and exploitation and thus create essential conditions for the independent development of their national economy by strengthening their unity and allying themselves with other countries subjected to superpower bullying as well as with the people of the whole world, including the people of the United States and the Soviet Union (…).
The Third World countries strongly demand that the present extremely unequal international economic relations be changed, and they have made many rational proposals of reform. The Chinese Government and people warmly endorse and firmly support all just propositions made by Third World countries.”