At the same time some of these countries are becoming richer and by 2050 they may be no longer listed in the list of developing countries. So the people which are there in developing countries can’not be ignored from our research of Startups in developed countries as compared to developing countries. At the same time, the poverty of the developing countries combined with
However, what about the progress of countries? Countries progress is essentially a group of people working together in the same land trying to achieve success in different fields such as economy, urbanization, living standards, education, health, and planning progress. People in these developing countries seek to move forward in the development process in order to meet the basic needs and to have a fulfilling life. A country’s progress is usually measured by the Human Development Index (HDI) which is probably the most recognized and accredited tool for measuring development and progression of a country. HDI evaluates and assess the progression level of a country based on four main factors or elements which are economy, urbanization, education, and planning progress.
It is the country where all basic needs of shelter, food and clothing are met for everyone. It is the country where there are no fraud selfish politicians, the country that has no loans of others. It doesn’t matter if such country doesn’t have the posh infrastructure described above. I call the country that enjoys the contentment and happiness of the masses as the advanced country, progressed country. Beside this, if there is such infrastructure, it is a real advanced country!
Why are there poor countries? According to “The School of Life” there are 196 countries in the world and 25 of these countries are very rich, which means that the average wealth per person is over $100,000 a year. These countries are Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Iceland, Ireland, Italy, Japan, Luxembourg, Netherlands, New Zealand, Norway, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, UK, and USA. Also there are the 20 poorest countries in the world which are the Democratic Republic of Congo, Niger, Burundi, Mozambique, Chad, Liberia, Burkina Faso, Sierra Leone, Central African Republic, Guinea, Eritrea, Guinea Bissau Mali, Ethiopia, Zimbabwe, Afghanistan, Malawi, Cote D’ivoire, Sudan and Gambia. The average wealth per person in these countries is under $1000 a year.
Development is a broad term, which can be defined many ways. It is seen visibly, for example, with images of cities, new construction, and big businesses coming to mind. However, development within a country is a multi-faceted concept related to the quality of life that its people experience. It is difficult to measure development in purely economic terms; such as calculating GDP. This is because a country may have constant GDP growth, but this wealth is distributed between very few.
Economics CIA – I Comparisons between characteristics of a developed, developing and underdeveloped country The three countries that I have chosen for my comparison are Singapore, Indonesia and Cambodia. All three countries were former colonies of the British, Dutch and French respectively. The three countries became independent within a few years of each other and they geographically lie in the same region, but their development stories are wholly different. The Human Development Index (HDI) and the Gender Development Index (GDI) are the best measures of development in any country. They focus on the Life Expectancy Rate, the Literacy Rate and the Income per capita of every citizen in a country.
The Least Developed Countries, according to the United Nations, are the countries that have the lowest amount of socioeconomic development and the lowest human development index ratings in the world. As of 2014 there are 48 countries that are categorized as LDCs. The United Nations Committee on Development Policy and Analysis Division (UN-DESA) defines the Least Developed Countries as “low-income countries suffering from structural impediments to sustainable development” . To be categorized as a Least Developed Country a nation must meet three criteria: Gross National Income (GNI) per capita is greater than or equal to $1,242; Human Assets Index (HAI) is greater than or equal to 66; and Economic Vulnerability Index (EVI) is less than or equal
A developing country refers to a country that has a less developed industrial base and a low Human Development Index, or HDI, comparing with other countries. The Human Development Index, HDI, is a compound indicator developed by the United Nation to measure the level of human development for countries with the regard to three aspects of development, which are: health, education, and income (Salas-Bourgoin, 2014, p. 29). There are more additional factors that distinguish a developing country from a developed country such as infrastructure, technology, and many more. In order to improve the living condition or shift from a developing country to a developed country, one needs to examine major concerns and provide the best solution for those selected developing countries. In this research proposal, the objectives are: investigating common major problems with the respect to selected developing countries, researching the origin of the issues and its associations, observing the current living condition in each selected country, inspecting the government regulations and its policy of each country, and searching for the best solution for each selected country.
Statistics show that there are 196 countries in the world, 25 countries are very rich and 20 countries are very poor. With use of views and facts from different sources these essay will discuss some of the factors that contribute towards the status of nations to be considered as rich or developed and poor or developing nations. This will include internal as well as external factors, share the dependency, institutions and geography theories perspective concerning the issue of developed or rich and developing or poor nations. Historical backgrounds of nations have a major influence towards the status of the nation, the essay will touch on few historical factors. It will discuss the economic conditions and processes and socio-political conditions to compare the difference of the rich and poor countries.