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Countries and levels of development - Coggle Diagram
Countries and levels of development
Developed countries
A high level of industrialisation and a well-developed infrastructure.
Exports of high-value goods and imports of raw materials.
Foreign debt is under control.
High levels of consumption.
Good sources of financing though tax collection and access to financial markets.
Good healthcare, education and social welfare benefits.
The tertiary sector is the most developed.
A high Human Development Index level.
The gap in wealth between the rich and the poor is generally not great.
Advanced technology and considerable investment in research.
High GDP per capita and income.
Developing country
Limited industrialisation and infrastructure
Imports of high-value goods and exports of raw materials.
High levels of foreign debt.
Low levels of consumption and high levels of self-supply.
Difficulty in obtaining finance from international markets or from the country's own resources( collecting taxes)
Limited social welfare benefits.
The primary sector is very important.
A low Human Development Index level.
There is a significant income gap between the rich and the poor
Outdated technology and only limited amounts of research.
Low GDP per capita and income.
Emerging Economies