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The Difference Between Developed and Developing Countries

The Difference Between Developed and Developing Countries

          
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About the Book

⦁How to measure the difference between developed and developing countries ?The measurement factors between developed and developing countries may include as below: (1)GDP factorThe classification of a country does not only depend on its income but also on other factors that affect how their citizens live, how their economies are integrated into the global system, and the expansion and diversification of their export industries. A developed country is one that has a high level of industrial development, bases its economy on technology and manufacturing instead of agriculture. The factors of production such as human and natural resources are fully utilized resulting in an increase in production and consumption which leads to a high level of per capita income. A country with a high Human Development Index (HDI) rating is considered a developed country. It not only measures the economic development and GDP of a country but also its education and life expectancy. A developed country's citizens enjoy a free and healthy existence.(2) Industralization or Commercial aspect factorThe term "developed country" is synonymous to "industrialized country, post-industrial country, more developed country, advanced country, and first-world country." The United Kingdom, France, Germany, Canada, Japan, Switzerland, and the United States of America are only a few of those considered as developed countries. A developing country, on the other hand, is one that has a low level of industrialization. It has a higher level of birth and death rates than developed countries. Its infant mortality rate is also high due to poor nutrition, shortage of medical services, and little knowledge on health. The citizens of developing countries have a low to medium standard of living because their per capita income is still developing, and their technological capacity is still being developed. There is also an unequal distribution of income in developing countries, and their factors of production are not fully utilized. Developing countries are also referred to as third-world countries or least-developed countries


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Product Details
  • ISBN-13: 9798638313852
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 86
  • Spine Width: 6 mm
  • Width: 203 mm
  • ISBN-10: 8638313853
  • Publisher Date: 18 Apr 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 258 gr


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