Why is the US not considered a third world country?
IMO, The US has crumbling infrastructure, corrupt government, dangerous cities, and a lot of homelessness, among so many other problems. Hell, millions of people in the US don’t even have power right now.
What’s the difference?
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If you mean “developped” vs “develloping”.
The HDI of the US is significantly lower than canada or northern europe, but still much higher than the world average.
Here’s an Inequality Adjusted version of the Human Development index, the US comes 27th, below Estonia and Cyprus, but 27th out of nearly 200 is counted as “develloped”.
https://en.m.wikipedia.org/w/index.php?title=List_of_countries_by_inequality-adjusted_Human_Development_Index&diffonly=true
Also, the "developed" vs. "developing" terminology doesn't really have a category that fits a country that was previously developed and is now declining.
Neoliberal hubris