Developed Country

Examples of Developed Country in the following topics:

• Industrializing Countries

  • Industrializing countries have low standards of living, undeveloped industry, and low Human Development Indices (HDIs).
  • Thus, it might more aptly be labeled a "less-developed country. "
  • An industrializing country, also commonly referred to as a developing country or a less-developed country, is a nation with a low standard of living, undeveloped industrial base, and low Human Development Index (HDI) relative to other countries.
  • This map shows what stage of economic development various countries are in.
  • Explain why some scholars use the term 'less-developed country' instead of 'industrializing country'

• Global Aging Trends

  • However, the rate at which the world's population is aging is not uniform across countries, and some countries have actually seen decreasing life expectancies, largely as a result of AIDS.
  • It is pretty clear from the map that more developed countries have much older populations and a greater percentage of their population is aged 65+.
  • The least developed countries are also the youngest countries as life expectancies are substantially lower.
  • More developed countries have older populations as their citizens live longer.
  • Less developed countries have much younger populations.

• Direct Investment

  • Foreign direct investment (FDI) is investment into production in a country by a company located in another country, either by buying a company in the target country or by expanding operations of an existing business in that country.
  • One theory for how to best help developing countries, is to increase their inward flow of FDI.
  • Knowing what has influenced these decisions and the resulting trends in outcomes can be helpful for governments, non-governmental organizations, businesses, and private donors looking to invest in developing countries.
  • A study from scholars at Duke University and Princeton University published in the American Journal of Political Science, "The Politics of Foreign Direct Investment into Developing Countries: Increasing FDI through International Trade Agreements," examines trends in FDI from 1970 to 2000 in 122 developing countries to assess what the best conditions are for attracting investment.
  • The researchers conclude that, while "democracy can be conducive to international cooperation," the strongest indicator for higher inward flow of FDI for developing countries was the number of trade agreements and institutions to which they were party.

• Catch-Up: Possible, but not Certain

  • Developing countries can catch up to developed countries by achieving growing faster, which is determined by a wide number of country-specific factors.
  • For a developing country to catch up to a developed country, it must not only grow, but grow faster than the developed country.
  • The economic growth of any country takes time to develop.
  • Some countries have much larger, stronger, and more developed economies than other countries .
  • The study of the economic aspects of development in low-income countries is called development economics.

• Industrialized Countries

  • Industrialized countries have greater levels of wealth and economic development than less-industrialized countries.
  • An industrialized country, also commonly referred to as a developed country, is a sovereign state with a highly developed economy relative to other nations.
  • The criteria to use and the countries to classify as developed are contentious issues, as discussed below.
  • The Human Development Index, along with the entire concept of "developing" and "developed" countries, has been criticized on a number of grounds.
  • The term "developing" implies inferiority compared to a developed country, and it also assumes a desire to develop along the traditional Western model of economic development.

• The World Bank

  • The World Bank is an international financial institution that provides loans to developing countries for various programs.
  • The World Bank is an international financial institution that provides loans to developing countries for capital programs.
  • The International Bank for Reconstruction and Development (IBRD) has 188 member countries, while the International Development Association (IDA) has 172 members.Each member state of IBRD should be also a member of the International Monetary Fund (IMF), and only members of IBRD are allowed to join other institutions within the Bank (such as IDA).
  • For the poorest developing countries in the world, the bank's assistance plans are based on poverty reduction strategies; by combining a cross-section of local groups with an extensive analysis of the country's financial and economic situation, the World Bank develops a strategy pertaining uniquely to the country in question.
  • Forty-five countries pledged $25.1 billion in "aid for the world's poorest countries," aid that goes to the World Bank International Development Association (IDA) which distributes the loans to 80 poorer countries.

• Least Industrialized Countries

  • Samoa has been characterized as a least developed country by the UN because of its small economy and the vulnerability of its agricultural industry.
  • After years of political stability and reduced poverty, the UN sought to relabel Samoa as a developing nation, rather than a least developed country.
  • In contrast to industrialized and industrializing countries, the world's least industrialized countries exhibit extremely poor economic growth and have the lowest Human Development Index (HDI) measures in the world.
  • To be considered a least industrialized country, or least developed country (LDC) as they are commonly called, a country must have a small economy and low standards of living .
  • Thus, the definition of LDCs is more rigid than the definition of developing/industrializing and developed/industrialized countries .

• International Credit Rating Agencies

  • In developed countries, you could sue a company to enforce a contract, but Jamaica has weak institutions, and, unfortunately, judges and magistrates may not enforce contracts.
  • Investor's legal options vary by country.
  • Table 3 shows Coface's 2012 rating of countries.
  • The A1 category includes the lowest risk countries while the D category entails highly risky countries.
  • Best's Five-Tier Scale for Country Risk for 2012

• Global Inequality

  • Countries have developed at an uneven rate because wealthy countries have exploited poor countries in the past and today through foreign debt and transnational corporations (TNCs).
  • Instead, poor countries are trapped by large debts which prevent them from developing.
  • Countries cannot focus on economic or human development when they are constantly paying off debt.
  • Semiperipheral countries (e.g., South Korea, Taiwan, Mexico, Brazil, India, Nigeria, South Africa) are less developed than core nations but are more developed than peripheral nations.
  • When moving businesses and factories to cheap labor locations, effort is not made to create better quality of living and development projects in poor countries.

• World-Systems Theory

  • The theory originated with sociologist Immanuel Wallerstein, who suggests that the way a country is integrated into the capitalist world system determines how economic development takes place in that country.
  • Peripheral countries (e.g., most African countries and low income countries in South America) are dependent on core countries for capital and are less industrialized and urbanized.
  • Semi-peripheral countries (e.g., South Korea, Taiwan, Mexico, Brazil, India, Nigeria, South Africa) are less developed than core nations but more developed than peripheral nations.
  • Peripheral countries generally provide labor and materials to core countries.
  • Semiperipheral countries exploit peripheral countries, just as core countries exploit both semiperipheral and peripheral countries.