Economic Development and Quality of Life
Classification Of Countries
LIC
Low Income Countries
about 30 countries that have a low average income where agriculture still plays a large economic role
NEE
Newly Emerging Economy
80 countries going through high levels of economic development. TNC's invest here
HIC
High Income Countries
80 countries that have high average income about half of which can be described as developed
Quality of life
Economic
Physical
Social
Psychological
income, job security, standard of living
Diet, water supply, climate, environmental hazards?
Health, education, family/friends
security, happiness, freedom
Distribution of development
South American Countries are NEEs
Asia has more NEEs than LICs
Africa is still predominantly made up of LICs with a few NEEs