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There is a big difference between Developed Countries and Developing Countries as the developed countries are self-contained flourished while the developing countries are emerging as a developed country. Developing Countries are the one which experience the phase of development for the first time.
Developing countries are countries with a less developed industrial base and a comparatively lower HDI relative to developed countries, whereas underdeveloped countries are countries having the lowest indicators of socioeconomic development, with the lowest HDI ratings.
Countries which score between 1.000 and 0.800 are classified as developed. Countries whose HDI score falls below that are classified as developing, least-developed, or (informally) underdeveloped. HDI can be used to determine the best countries to live in, as more developed countries typically offer their residents a higher quality of life.
So what is development and what is the difference between developed and developing countries? The answer is complicated. Understandings of international development have evolved significantly...
UNCTAD’s classification of economies into developing and developed is intended for statistical convenience and does not express judgement about the stage reached by a particular country or area in the development process.
A developed country, or advanced country, [3] [4] is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations.
For analytical purposes, WESP classifies all countries of the world into one of three broad categories: developed economies, economies in transition and developing economies. The