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
3. Key Differences
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 …show more content…
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
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).
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.
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.
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.
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
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
The United States today is known as an industrialized nation. This means that we have a high standard of living. However, there are many countries that do not have a high standard of living and they are called developing nations. Many things could keep them from becoming a developed nation such as no international trade, lack of factories, and a lack of tariffs.
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.
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.
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.)
Geographers like to differentiate countries by grouping them into developed and developing countries. A developed country is a country that has progressed relatively far during time and has a highly developed economy and advanced technological infrastructure. Some examples of developed countries are the U.S.A, Canada, the United Kingdom, Japan, Netherlands and many others. They are normally the more profound countries that we hear about more often than developing countries. A developing country is a country that is at an early stage in economic development and has a less developed industrial base, and a low Human Development Index (HDI). The Human Development Index is a composite statistic of life expectancy, education, and income per capita indicators and is used to rank countries into tiers of human development. Having a low HDI means the country has a low life expectancy, a shorter length of education and the income per capita is lower. Some examples of developing countries are Brazil, Uganda, United Arab Emirates, India, Afghanistan, and many others. I plan to bring you into an in depth explanation about the many differences in population studies between Japan and Brazil.
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.
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
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).
It is fair to say that the ones who benefit the most in economic globalization are developed countries whose social productive forces are highly developed ((El-Ojeili, C. & Hayden, P., 2006.). However, it is difficult for developing countries that are relatively