Developed and Developing Countries
Countries are divided into two major categories by the United Nations, which are developed countries and developing countries. The classification of countries is based on the economic status such as GDP, GNP, per capita income, industrialization, the standard of living, etc. DEVELOPED COUNTRIES refers to the sovereign state, whose economy has highly progressed and possesses great technological infrastructure, as compared to other nations.
After a thorough research on the two, the difference between developed countries and developing countries considering various parameters, in tabular form.
Developed Countries Vs Developing Countries
1. Comparison Chart
2. Definition
3. Key Differences
4. Conclusion
Comparison Chart
Basis for Comparison Developed Countries Developing Countries
Meaning A country having an effective rate of industrialization and individual income is known as Developed Country. Developing Country is a country which has a slow rate of industrialization and low per
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Key Differences between Developed and Developing Countries
The following are the major differences between developed countries and developing countries
1. The countries which are independent and prosperous are known as Developed Countries. The countries which are facing the beginning of industrialization are called Developing Countries.
2. Developed Countries have a high per capita income and GDP as compared to Developing Countries.
3. In Developed Countries the literacy rate is high, but in Developing Countries illiteracy rate is high.
4. Developed Countries have good infrastructure and a better environment in terms of health and safety, which are absent in Developing Countries.
5. Developed Countries generate revenue from the industrial sector. Conversely, Developing Countries generate revenue from the service
Senior citizens are the people who are most likely to take multiple medications due to the occurring chronic conditions as the aging process continues. Given the several medicines they take, they are ironically the age group that is very much sensitive to medication side effects, both therapeutic and negative.
Paying college athletes should be allowed because of their hard work on and off the field or court. According to Andy Hutchins on alligatorarmy.com Floridas football schedule is waking up at 6am to 9pm of class and practice every day. In those days there is no time for jobs for these athletes. Most of there days are working, eating, and resting, and as well paying for there education. If this sports thing doesnt work for these athletes they would have to get a job and have still pay for college, so they would have a late start to start paying off there fees.
Economic development can be defined generally as involving an improvement in economic welfare, measured using a variety of indices, such as the Human Development Index (HDI). A developing country is described as a nation with a lower standard of living, underdeveloped industrial base, and a low HDI relative to other countries. There are several factors which may have the effect of limiting economic development in such countries. Factors such as these include: primary product dependency, the savings gap and political instability.
Development and underdevelopment are linked and “condition each other mutually” resulting in a divided world that consists of industrial “central” countries and underdeveloped “peripheral” countries (Valenzuela and Valenzuela, 1978, p.544), with the periphery often being constrained by its role in the global capitalist system (Valenzuela and Valenzuela, 1978, p.544).
Another important factor that mattered a lot if the country is industrialized or not. Third world countries still have high mortality and high birth rates meaning they have lots of kids young, and ide young. While more civilized places have less kids, at an older age and live
Our planet is filled with different countries, who are developed or are developing. What determines whether these countries are developed or developing is the features within, such as health care, the economy, education, crime rate, etc. Developed nations do majority of the time take the trophy in those features. When it comes to the United States, a developed nation, and Haiti, a developing nation, the U.S. is more efficient is health care, economic structure and education than Haiti.
Why is it that some countries are classified as developed and others not? What is the criteria used to determine this? Some people believe that within the criteria to evaluate a country’s development, democracy and economic development must be taken into consideration, and that a link exists between them. Democracy can be defined as a form of government in which people choose their leaders by voting, it also implies equal rights and treatment. (Merriam Webster n.d.) By the other hand, economic development can be defined as the progress in an economy referring to an improvement of living standards, the adoption of new technologies and the transition form an agricultural to an industrial based economy. (Business Dictionary n.d.)
The worlds countries are split up into three factions: developed countries, less economically developed countries, (LEDCs), and the countries in between these two extremes. The majority of the countries in the North Hemisphere of the world are developed countries. Developed countries have an average annual income of above $9000. An example of a developed country is Great Britain. The majority of countries in the Southern Hemisphere are LEDCs. The average annual income for these countries is below $750. The countries in between are developing countries. Their average annual income is between $750-9000.
According the to World Bank a countries income level is determined by it’s Gross National Product (GNP) per capita, which is the value of all final goods and services produced in a country in one year (gross domestic product) plus income that residents have received from abroad, minus income claimed by nonresidents divided by its population.("How We Classify Countries,") This measure is an indication of how well the population in a country lives. When comparing country income levels there are several differences that can be found between each group, listed in order of examination they are GNP per capita, political stability, life expectancy, and access to education.
Each other country is running in a rat race to make its ration one of the most developed country in the world. China, Japan and Korea are seen to lead the other nations in Asia, where as England the united study and other European countries are leading the headline of the world’s most developed countries. At the meantime, some countries in South-East Asia, apart from Singapore and Malaysia, appear for less developed such as Cambodia, Laos and Myanmar. The uneven development exist between nations are mainly believed
Global stratification can be defined that globe countries and areas are not on an equal footing in the process of economic, political and cultural globalization (Andersen & Taylor, 2006). The economic globalization has exacerbated the imbalance of world economy and has widened the wealth gap. Globalization has brought unfair relationships between developing countries and developed countries. Gao (2000) noted that economic globalization has expanded the gap between South and North. And it has brought huge shocks to national economy of developing countries. The international economic organizations like the Word Bank, IMF and WTO are in the hand of developed countries (El-Ojeili, C. & Hayden, P., 2006.). All the principles, institutions and sequences for the world economic operation are made by them. (Sklair, 2002)What’s more, the economic, technical and management advantages that is owned by Western countries cannot be easily and fully surpassed by developing countries.
He pointed out that different economic levels have their own requirements and they may not follow the same process of industrialization. Moreover, he raised the most influential theory related to late industrialization that the economically backward states may have rapider growth rate as they are late comers, and the national development process relied on the degree of economic backwardness. That is to say the more backward a country, the faster it will advance (ibid).
The developing nations were often seen as periphery whereas the developed nations are seen as the core. Mainly because the less developed countries were targeted for their resources. Resources, such as, agriculture, tourism, or a place to operate a strategic, military base. All this is just another way of saying that the developed nations were exploiting the developing nations through their people, products and resources both natural and manmade. All that this accomplished was to make the developing nations more wealthy and the developing nations were provided jobs but at the expense of people both local and rural and immigrants in search of jobs that led to over population, lack of housing and shortage of jobs. This of course leads to more problems that the developed nations have experienced and dealt with and have almost succeeded in solving completely but the developing nations have yet to find their own solutions to deal with
According to the World Bank, from 1993 to 1998, poverty rate has reduced by 14 percent in developing countries, similar to about 107 million people. This may result from receiving foreign investment that plays an important role in local economy growth. For example, the proportion of population living in poverty in India decreased by half in the two decades, from the 1970s to 1990s, while the number of Chinese in poverty declined by approximately 210 million during twenty-one years, from 1978 to 1999 (Healey 2008). In other words, the standard of living is improving due to the benefits of international economic activities.
Developing nations are filled with hope and aspirations of one day becoming a wealthy, dominating, and influential country. These nations can sometimes be unsafe, difficult to live in, and hard for workers to earn good compensation for their labor. On the other hand, living in a developed nation has many upsides. Developed nations are wealthy, which in turn have good infrastructure, labor and worker laws, and have less crime.