Developed Countries These are the world’s countries that are considered to be at the highest social and economic levels. USA, France, Canada, Germany, UK and Australia can be considered to be modern developed nations. These countries are also generally (but not exclusively) those with the finance to participate in International Trade, Finance and Commerce. Economic Development is largely based on the service sector and less on the industrial and manufacturing services. They are a socially developed nation with a well-established education system.
Developed countries have more capital and investment. Furthermore, these nations will have higher GDP, leading high per capita income. On the other hand, the growth of the population is high and the standard of living is low in the developing nations. Most of the people will be engaged in primary sector like farming and forestry. In addition, the capital will be less and the technology will be low.
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The economies of many developing countries are currently confronted by severe difficulties owing to a combination of lower commodity prices, higher energy costs, falling exchange rates and rising inflation. At the same time, the countries face immense social problems (including a rising urban population and unemployment) which are putting pressure on the nation’s resources and capabilities. The construction industry in a typical developing country is facing reduced levels of demand as a result of adjustment programmes which invariably involve cuts in governments’ capital investment. The challenge, as Ofori (1993) suggests, is that the construction industry should do well despite the severe constraints in its operating environment. There is a growing awareness among developing countries about the significance of infrastructure supply and capacity building in construction for socio-economic development in general, and for the effective implementation of poverty reduction initiatives, in particular.
Between 2010 and 2025 global population will grow by more than 1.1 billion people. ( United Nation 2013). According to (Mckinsey Global Institute), the greatest population growth is predicted to be registered in developing countries, while in the developed countries population will remain relatively stable. High rates of population growth rate are expected, firstly, in India, which is predicted to become the world’s most populous country by 2020. Explosive population growth is also forecasted for the African countries as a result of improvement in socio- economic conditions and quality of medical services.
Lowering human growth should be set as a first priority by all the nations in this world. There has been a claim that there is population growth of 2% percent in every year. So it means there will be an increase of 2 billion people in the year of 2030.This is very risky in both developing and developed countries. In developing countries, because there are not enough resources to support this population, there will be famine and increased criminal doings which will increase high mortality rate. In developed countries, there will be immigration of people from these developing countries, some of them being refugees.
The business environment has become very competitive today. This has made it very difficult for startup ventures to succeed because they face stiff competition from the other well established businesses. Several researches have shown that only 10% of startups have grown to become renowned global brands. The main concern then becomes, what does it take to run a successful startup? There are several skills that you will need to run a startup to ensure it grows successfully.
That occurs in countries that are less developed. One more developed countries, the majority of the population lives a healthy and sustained life, therefore it is able to survive and develop.
Trends: South Asia observed the fastest growth rate of urbanization which is 2.4 % than the other parts of Asia which had urbanization growth rate close to 2% including: South-East Asia, North-West Asia, and the Pacific during 2005-2010. But in the remaining parts including Central Asia and North-Asia it was close to zero that is 0.3%. Why was there such a large difference between the urbanization growth rates? To find it out let’s look at the different urbanization trends at South Asia. One eye catching fact is that S.A countries, which experiencing such a high rate of their urban population was at 40% or below.
Population has now been a serious problem around the world. Both developing and developed countries are and/or will be suffering population problem. Though in our time the word global is quite often cited, but this problem could not be solved by global and needs local measures, and if the policies mentioned above are taken by many countries, the population problem will certainly be