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In 1978, the World Bank, for the first time, constructed an analytical country Classification system. The occasion was the launch of the World Development Report. Annexed to the report was a set of World Development Indicators (WDI), which provided the statistical underpinning for the analysis. The first economic classification in the 1978 WDI divided countries into three categories: (1) developing countries, (2) industrialized countries, and (3) capital-surplus oil-exporting countries. Developing countries were categorized as low- income (with GNI/n of US$250 or less) and middle-income (with GNI/n above US$250).
Major Characteristics of Developing Countries are:-
- Lower per-capita income
- Low levels of Human Capital
- High levels of POVERTY and under-Nutrition
- Higher Population Growth rates
- Predominance of agriculture and low levels of industrialization
- Low level of Urbanization but rapid rural-to-urban Migration
- Dominance of informal sector
- Underdeveloped labor, financial, and other markets.
Major Characteristics of Emerging Countries are:-
- the small size of the economy,
- GNP/Capita much lower than in developed countries,
- a reduced opening for accepting foreign investors,
- a high volatility of the exchange rate which implies greater risk in trading.
Major Characteristics of Developed Countries are:-
- Average income per capita of the population is generally high.
- Education level of high average population.
- Life expectancy of the population average height.
- Population Growth rate per year is relatively small.
- The death rate per year is relatively small population.
- Life-style market economy.
- His wide and varied field.
- Economic activity in most Industry sectors, as well as export commodities.
- The majority of the population lives in cities.
- Relatively high level of population Health.
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The concept of developing, emerging, and developed countries is a complex one that has been debated by economists and sociologists for many years. There is no single definition of these terms, and they are often used interchangeably. However, there are some general characteristics that can be used to distinguish between these types of countries.
Developing countries are typically characterized by low levels of income, high rates of poverty, and low levels of education and health care. They often have high rates of population growth and Unemployment. Developing countries are also often characterized by political instability and Corruption.
Emerging countries are countries that are experiencing rapid economic growth and development. They often have a young population, a growing middle class, and a strong manufacturing sector. Emerging countries are also often characterized by a stable political system and a commitment to economic reform.
Developed countries are countries that have high levels of income, low rates of poverty, and high levels of education and health care. They often have a low rate of population growth and unemployment. Developed countries are also often characterized by a stable political system and a strong social safety net.
It is important to note that these are just general characteristics, and there is a great deal of variation within each category. There are developing countries that are doing very well, and there are developed countries that are struggling. The concept of developing, emerging, and developed countries is a fluid one, and the categories can change over time.
Here are some of the sub topics related to the concept of developing, emerging, and developed countries:
- Economic Development: Economic development is the process of increasing the economic well-being of a country’s people. It is often measured by indicators such as GDP per capita, life expectancy, and Literacy rate.
- Human Development: Human development is the process of improving the Quality Of Life for all people. It is often measured by indicators such as life expectancy, education, and income.
- Social development: Social development is the process of improving the social well-being of a country’s people. It is often measured by indicators such as poverty, inequality, and social exclusion.
- Political development: Political development is the process of improving the political system of a country. It is often measured by indicators such as Democracy, Rule of Law, and corruption.
- Environmental sustainability: Environmental sustainability is the process of meeting the needs of the present without compromising the ability of future generations to meet their own needs. It is often measured by indicators such as Climate change, pollution, and Biodiversity-2/”>Biodiversity loss.
- Global inequality: Global inequality is the unequal distribution of wealth, income, and opportunity among countries and people around the world. It is often measured by indicators such as the Gini coefficient and the Human Development index.
- Foreign aid: Foreign aid is the transfer of Resources from one country to another, usually from a developed country to a developing country. It is often used to promote economic development, human development, and social development.
- Trade and Investment: Trade and investment are the exchange of goods and Services between countries, and the flow of capital between countries. They are often used to promote economic development.
- Migration: Migration is the movement of people from one country to another. It is often used to improve economic opportunities, to escape persecution, or to reunite with family members.
- Technology transfer: Technology transfer is the process of transferring technology from one country to another. It is often used to promote economic development.
- International cooperation: International cooperation is the collaboration between countries on issues of common interest. It is often used to promote economic development, human development, and environmental sustainability.
The concept of developing, emerging, and developed countries is a complex one, but it is important to understand it in order to address the challenges of global development.
What is a developing country?
A developing country is a country with a low level of industrialization and a low Human Development Index (HDI). Developing countries are often characterized by high levels of poverty, illiteracy, and unemployment.
What is an emerging country?
An emerging country is a country that is experiencing rapid economic growth and development. Emerging countries are often characterized by a young population, a growing middle class, and a strong manufacturing sector.
What is a developed country?
A developed country is a country with a high level of industrialization and a high Human Development Index (HDI). Developed countries are often characterized by high levels of income, education, and healthcare.
What are the differences between developing, emerging, and developed countries?
Developing countries, emerging countries, and developed countries are all different stages of economic development. Developing countries are typically characterized by low levels of industrialization, low levels of income, and high levels of poverty. Emerging countries are typically characterized by rapid economic growth, increasing levels of industrialization, and rising incomes. Developed countries are typically characterized by high levels of industrialization, high levels of income, and low levels of poverty.
What are the challenges faced by developing countries?
Developing countries face a number of challenges, including poverty, illiteracy, unemployment, and Environmental Degradation. Poverty is a major problem in developing countries, with over 1 billion people living on less than $1.90 per day. Illiteracy is also a major problem, with over 100 million children not attending school. Unemployment is a major problem in developing countries, with over 200 million people unemployed. Environmental degradation is a major problem in developing countries, with deforestation, pollution, and Climate Change all having a significant impact.
What are the opportunities for developing countries?
Developing countries have a number of opportunities, including a young population, a growing middle class, and a strong manufacturing sector. The young population in developing countries represents a huge potential workforce. The growing middle class in developing countries represents a huge potential market for goods and services. The strong manufacturing sector in developing countries represents a huge potential source of jobs and exports.
What are the challenges faced by emerging countries?
Emerging countries face a number of challenges, including inequality, corruption, and political instability. Inequality is a major problem in emerging countries, with the gap between the rich and the poor growing wider. Corruption is also a major problem in emerging countries, with bribery and Nepotism often commonplace. Political instability is a major problem in emerging countries, with frequent changes in government and coups d’état.
What are the opportunities for emerging countries?
Emerging countries have a number of opportunities, including a growing economy, a young population, and a large workforce. The growing economy in emerging countries represents a huge potential market for goods and services. The young population in emerging countries represents a huge potential workforce. The large workforce in emerging countries represents a huge potential source of cheap labor.
What are the challenges faced by developed countries?
Developed countries face a number of challenges, including aging populations, rising inequality, and environmental degradation. Aging populations are a major problem in developed countries, with the number of people over 65 years old expected to double by 2050. Rising inequality is a major problem in developed countries, with the gap between the rich and the poor growing wider. Environmental degradation is a major problem in developed countries, with climate change and pollution having a significant impact.
What are the opportunities for developed countries?
Developed countries have a number of opportunities, including a high level of technology, a skilled workforce, and a strong economy. The high level of technology in developed countries represents a huge potential for innovation and growth. The skilled workforce in developed countries represents a huge potential for productivity and competitiveness. The strong economy in developed countries represents a huge potential for investment and growth.
1. Which of the following is not a characteristic of a developing country?
(A) Low per capita income
(B) High population growth rate
(C) High level of industrialization
(D) Low level of human development
2. Which of the following is not a characteristic of an emerging country?
(A) Rapid economic growth
(B) Increasing middle class
(C) High level of urbanization
(D) Low level of corruption
3. Which of the following is not a characteristic of a developed country?
(A) High per capita income
(B) Low population growth rate
(C) High level of industrialization
(D) High level of human development
4. Which of the following countries is considered to be a developing country?
(A) China
(B) India
(C) Brazil
(D) United States
5. Which of the following countries is considered to be an emerging country?
(A) China
(B) India
(C) Brazil
(D) United States
6. Which of the following countries is considered to be a developed country?
(A) China
(B) India
(C) Brazil
(D) United States
7. Which of the following is the most populous country in the world?
(A) China
(B) India
(C) United States
(D) Indonesia
8. Which of the following countries has the highest per capita income in the world?
(A) Qatar
(B) Luxembourg
(C) Switzerland
(D) Norway
9. Which of the following countries has the highest human development index in the world?
(A) Norway
(B) Switzerland
(C) Iceland
(D) Denmark
10. Which of the following countries has the highest level of corruption in the world?
(A) Somalia
(B) South Sudan
(C) Afghanistan
(D) North Korea
Answers:
- (C)
- (D)
- (D)
- (B)
- (A)
- (D)
- (A)
- (A)
- (Norway)
- (Somalia)