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Development can be measured by economic or human factors. Developing countries are, in general, countries that have not achieved a significant degree of industrialization relative to their populations, and have, in most cases, a medium to low standard of living. There is an association between low income and high population growth. [31]
The GCC countries, for example, are classified as developing high-income countries. Thus, a high-income country may be classified as either developed or developing . [ 2 ] Although Vatican City is a sovereign state , it is not classified by the World Bank under this definition.
Development aid, financial aid given by governments and other agencies; Development geography, a branch of geography which refers to the standard of living and quality of life of inhabitants; Development studies, examines socioeconomic growth and development, especially in developing countries, and may overlap with postcolonial studies
This is an accepted version of this page This is the latest accepted revision, reviewed on 6 January 2025. Country with a developed economy and infrastructure "Industrial nation" redirects here. For the magazine, see Industrialnation. Not to be confused with Developing country. For the investing classification, see Developed market. Developed countries (IMF) Developing countries (IMF) Least ...
Daphne Greenwood and Richard Holt distinguish economic development from economic growth on the basis that economic development is a "broadly based and sustainable increase in the overall standard of living for individuals within a community", and measures of growth such as per capita income do not necessarily correlate with improvements in ...
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The South's lack of development and the high level of development of the North deepen the inequality between them and leave the South a source of raw material for the developed countries. [ 34 ] [ 7 ] The North becomes synonymous with economic development and industrialization while the South represents the previously colonized countries which ...
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