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COUNTRIES AND LEVELS OF DEVELOPMENT - Coggle Diagram
COUNTRIES AND LEVELS OF DEVELOPMENT
Developed countries
is made up of rich countries
are industrialised countries
are at the centre of a globalised world
the tertiary sector is the most powerful part of the economy
they have democratic political systems and high levels of cultural and social development
they are described as consumer societies
Developing or underdeveloped countries
Developed countries
A high level of industrialisation and well-developed infrastructure
Exports of high-value goods and imports of raw material
Foreign debt is under control
High levels of consumption
Good sources of financial through 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
Underdeveloped
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 (via tax collection)
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Outdated technology and only limited amounts of research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
levels of industrialisation that are even higher than those of developed countries
Different indicators are used to classify these countries
COUNTRIES BY INCOME EQUALITY
by HDI
COUNTRIES BY LEVEL OF DEVELOPMENT
they have high rates of economic growth