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Developed and developing countries - Coggle Diagram
Developed and developing countries
Developed countries
industrialized / advance economies
They are usually democracies that operate free-market or mixed and fight corruption
Developing countries
Less developed/ non-industrialized/ emerging economies / Third World countries
Lower standard of living and lower levels of productivity
Their people have low levels of education, healthcare and life expectancy
Limited access to new technologies
Newly Industrialized countries
Countries that are not ready to be classed as "developed", but are more advanced than other "developing nations"
Human Development Index (HDI)
A summary measure of average achievement in key dimensions of human development
Emphasizes that people and their capabilities should be ultimate criteria for assessing the development of a country, not economic growth alone.
Measures:
Knowledge: expected years of schooling
Standard of living GNI
Life expectancy at birth
