Difference Between Developed and Developing Countries
Developed vs Developing Countries
Countries are categorized according to their economic development. The United Nations classifies countries as developed, developing, newly industrialized or developed, and countries in transition such as Kazakhstan, Kyrgyztan, Turkmenistan, and the former USSR.
The World Bank classifies countries according to their GNI per capita income: low income ($995 or less) and lower middle income ($996-$3,945); as developing countries with an upper middle income ($3,946-$12,195); and high income (above $11,906) as developed countries.
The classification of a country does not only depend on its income but also on other factors that affect how their citizens live, how their economies are integrated into the global system, and the expansion and diversification of their export industries.
A developed country is one that has a high level of industrial development, bases its economy on technology and manufacturing instead of agriculture. The factors of production such as human and natural resources are fully utilized resulting in an increase in production and consumption which leads to a high level of per capita income.
A country with a high Human Development Index (HDI) rating is considered a developed country. It not only measures the economic development and GDP of a country but also its education and life expectancy. A developed country’s citizens enjoy a free and healthy existence.
The term “developed country” is synonymous to “industrialized country, post-industrial country, more developed country, advanced country, and first-world country.” The United Kingdom, France, Germany, Canada, Japan, Switzerland, and the United States of America are only a few of those considered as developed countries.
A developing country, on the other hand, is one that has a low level of industrialization. It has a higher level of birth and death rates than developed countries. Its infant mortality rate is also high due to poor nutrition, shortage of medical services, and little knowledge on health.
The citizens of developing countries have a low to medium standard of living because their per capita income is still developing, and their technological capacity is still being developed. There is also an unequal distribution of income in developing countries, and their factors of production are not fully utilized. Developing countries are also referred to as third-world countries or least-developed countries.
1.A developed country is a country that has a high level of industrialization and per capita income while a developing country is a country that is still in the early stages of industrial development and has a low per capita income.
2.The citizens of a developed country enjoy a free, healthy, and affluent existence while citizens of developing countries do not.
3.Developed countries are also known as industrialized, advanced, and first-world countries while developing countries are also known as underdeveloped, least developed, and third-world countries.
4.The United States of America, Canada, Switzerland, Belgium, and France are examples of developed countries while 5.India, Malawi, Honduras, the Philippines, and Rwanda are examples of developing countries.
6.The infant mortality, birth, and death rates of developing countries are also higher compared to that of developed countries.
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