India Is Developing Country Essay

1. The difference between a developing and a developed country are typically based on economics. A developing country usually has a low level of affluent citizens, and higher levels of unemployment. Developing countries also have lower education rates, and often times undeveloped, rural type villages. Developed countries usually have technological advantages, better roads, stable governments, higher education rates, and good health care.

Also, lack of technological advancement is a barrier to economic growth and development in Ghana. Many countries that are experiencing rapid economic growth are technologically inclined. For instance, South Korea, China, Malaysia and Singapore are developing rapidly due to their advancement in technology. Ghana as a country still relies on traditional methods of doing things, example, using cutlasses and hoes in farming instead of tractors, ploughs and combined harvesters. All these traditional ways of doing things retard economic development. Industrialization which is the backbone of any rapid economic growth is not pursued much in the country mostly because Ghana lacks the required technology to support it. It is the industrial sector that will increase certain macro economic indicators like employment

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.

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

The economy system was the way they produced and exchanged goods. There are four types of economies, them being the Traditional economy also known as a “barter”, Command economy also called a planned economy, Market economy which is also called a demand economy or capitalism, and a Mixed economy. The economic activities being in levels are Primary, Secondary, Tertiary, and Quaternary activities. The more developed the country the greater number and activities. There are also natural resources such as renewable, non-renewable, and inexhaustible energy sources. Those play a major part in the world trade, the value of natural resource depends on the quality that makes it useful. The economic support systems infrastructure consist of the basic support systems needed to keep the economy going. The infrastructure must be sophisticated to be a more developed country. Measuring the economic development is in per capita income, and is measured by gross natural product or by the second statistic gross domestic product. Countries around the world have different levels of economic development. Developing nations countries lack industrial base and struggle, as developed nations countries are with a high per capita income and varied

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.

The differences between industrialized, transitioning, and emerging countries are great, especially from a taxing and economic standpoint. “The terms industrialized or developed countries generally refer to the member

While the concept of a developed North and developing South rings some truth since most of the northern countries on the map fall into higher rankings in terms of human development, the southern countries are not all developing. According to the map, Australia and some portions of South America and Asia are closer to developed than developing. Therefore, it would be inaccurate to describe the world as a developed North and developing South.

Throughout the world, many countries have found a way or a (niche) to which they (the country) can profit from global trade (import and export). This particular niche could be a multitude of things such as manufacturing (machining metals or developing electrical components) or agriculture (raising animals or growing plants) or raw minerals (metal ore or oil). Some countries are capable of doing almost all things listed above, but not all countries are capable of this. Which leads to my point, that some countries are setup better, whether it be land, technology, or the raw materials which lead to a thriving economy. Another variable for which the countries well-being can be affected is how that country’s government is setup (republic-democracy, communism, etc). Many will say that the United States is a rich country; however, I would have to completely disagree. For example, the national

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.)

Economic growth is a necessary but not sufficient condition of economic development. There is no single definition that encompasses all the aspects of economic development. The most comprehensive definition perhaps of economic development is the one given by Todaro: ‘Development is not purely an economic phenomenon but rather a multi – dimensional process involving reorganization and re orientation of the entire economic and social system. Development is a process of improving the quality of all human lives with three equally important aspects. These are: 1.

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.

This can be measured by the following formula; Per capita nominal GDP = Nominal GDP / Population, Per capita real GDP = Real GDP / Population. Seven factors determine economic growth. Natural resources such as land, mineral deposits, waterways; climatic conditions provide an essential foundation to economic growth. Combined with the other resources of capital, labor and enterprises, natural resources can be developed and organized to increase the productive capacity if the nation. Consequently the quality and size of the labor force is a major determinant of economic growth. Education and vocational training are essential the growth potential of a nation. The promotion of education and job training schemes increase the knowledge, skills and flexibility of the workforce that contributes to potentially higher levels of productivity and efficiency. Whether from natural increase or immigration population growth can cause a higher level of economic growth. An increasing population requires increased public spending on housing, education and other social needs while businesses expectations of

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