Countries are divided into
developed or developing according to their Gross National Income (GNI) per
capita per year:
Developed countries
A developed country is
a sovereign state that has a highly developed economy and advanced technological
infrastructure relative to other less developed nations. Most commonly the
criteria for evaluating the degree of economic development are gross
domestic product (GDP), the per capita income, level of
industrialization, amount of widespread infrastructure and general standard of
living. Which
criteria are to be used and which countries can be classified as being
developed are subjects of debate.
Underdeveloped countries
Underdevelopment is
when resources are not used to their full socio-economic potential,
with the result that local or regional development is slower in most cases than
it should be. Furthermore, it results from the complex interplay of internal
and external factors that allow less developed countries only a lop-sided
development progression. Underdeveloped nations are characterized by a wide
disparity between their rich and poor populations, and an unhealthy balance of
trade. Symptoms of underdevelopment include lack of access to job
opportunities, health care, drinkable water, food, education and housing.
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