What is a "world phone" and why are they cheaper?

Been finding a lot of BlackBerry "world phones" on the web that are much cheaper than models like the Curve or Pearl. What are they and why do they cost less?

User17438792010-07-17T21:17:43Z

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This answers your question in detail: http://www.timeatlas.com/cell_phones/prospect/defining_a_world_phone