Answer: Option (E) is correct
Explanation:
In era of Cold war, the phrase Third World was commonly referred to describe the state of developing countries which mostly resided in continents such as Africa, Asia and Latin America. This usage of such phrases has significantly become rare since the end of Cold War.
In the years following the demolition of USSR and end of Cold War, the phrase Third World was mostly used interchangeably with several developing countries, but the notion has seriously become outdated since it no longer describes current economical or political state