What are the developed countries

what are the developed countries

List of countries by Human Development Index

rows · A developed country is a sovereign state with a developed economy and technologically advanced. 60 rows · Sep 06,  · A developed country is defined as a sovereign state that has a well .

A least developed country LDC is a country that the United Nations considers to be the least developed out of all the countries in the world. They normally have the lowest ratings on the Human Development Index. The idea to name LDCs started in the late s. To be considered a least developed country, a country must have high levels of povertylow human resources and a vulnerable economy.

Economic vulnerability is recorded on the Economic Vulnerability Index. LDC criteria are reviewed every three years. Countries may stop being considered an LDC when indicators show that they have become developed enough. Since the LDC category was created, four countries have graduated to developing country status. The second was Cape Verdein As of [update]there are 48 least developed countries. The "least developed countries" according to the United Nations :. From Simple English Wikipedia, the free encyclopedia.

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United Nations. Least Developed Countries. Accessed on line April 16, Category : Least developed countries. Hidden categories: Webarchive template wayback links CS1 maint: discouraged parameter Articles containing potentially dated statements from All articles containing potentially dated statements Pages using div col with unknown parameters. Namespaces Page Talk.

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25 rows · Nov 21,  · The primary factor used to distinguish developed countries from developing countries is the. The list of the least developed countries (LDCs) is decided upon by the United Nations Economic and Social Council and, ultimately, by the General Assembly, on the basis of recommendations made by. Mar 17,  · A least developed country (LDC) is a country that the United Nations considers to be the least developed out of all the countries in the world. They normally have the lowest ratings on the Human Development nicefreedatingall.com idea to name LDCs started in the late s. The first group of LDCs was listed by the UN in November

A developed country , industrialized country or post-industrial country , more developed country MDC , or more economically developed country MEDC , is a sovereign state that has a high quality of life , developed economy and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic development are gross domestic product GDP , gross national product GNP , the per capita income , level of industrialization, amount of widespread infrastructure and general standard of living.

Developed countries have generally more advanced post-industrial economies, meaning the service sector provides more wealth than the industrial sector. They are contrasted with developing countries , which are in the process of industrialisation or are pre-industrial and almost entirely agrarian , some of which might fall into the category of Least Developed Countries.

As of , advanced economies comprise Terms linked to the concept developed country include "advanced country", "industrialized country", "'more developed country" MDC , "more economically developed country" MEDC , " Global North country", " first world country", and "post-industrial country". The term industrialized country may be somewhat ambiguous, as industrialisation is an ongoing process that is hard to define. The first industrialized country was the United Kingdom , followed by Belgium.

According to some economists such as Jeffrey Sachs , however, the current divide between the developed and developing world is largely a phenomenon of the 20th century. Mathis Wackernagel calls the binary labeling of countries as "neither descriptive nor explanatory. It is merely a thoughtless and destructive endorsement of GDP fetish. In reality, there are not two types of countries, but over different countries, all faced with the same laws of nature, yet each with unique features.

Economic criteria have tended to dominate discussions. One such criterion is income per capita; countries with high gross domestic product GDP per capita would thus be described as developed countries. Another economic criterion is industrialisation ; countries in which the tertiary and quaternary sectors of industry dominate would thus be described as developed.

More recently another measure, the Human Development Index HDI , which combines an economic measure, national income, with other measures, indices for life expectancy and education has become prominent.

This criterion would define developed countries as those with a very high HDI rating. The index, however, does not take into account several factors, such as the net wealth per capita or the relative quality of goods in a country.

This situation tends to lower the ranking for some of the most advanced countries, such as the G7 members and others. According to the United Nations Statistics Division :. There is no established convention for the designation of "developed" and "developing" countries or areas in the United Nations system. The designations "developed" and "developing" are intended for statistical convenience and do not necessarily express a judgement about the stage reached by a particular country or area in the development process.

While there is a strong correlation between having a high HDI score and being a prosperous economy, the UN points out that the HDI accounts for more than income or productivity.

Unlike GDP per capita or per capita income, the HDI takes into account how income is turned "into education and health opportunities and therefore into higher levels of human development. Since , Norway —, — , Japan — and , Canada and — and Iceland — have had the highest HDI score. Many countries [Note 1] possessing an HDI of 0.

Thus, many "advanced economies" are characterized by an HDI score of 0. Below is the list of the "very high human development" countries: [13].

The Macanese government calculated the territory's HDI to be 0. These values place both Taiwan and Macau well within the list of countries with "Very high human development". This places both countries firmly within the category of countries with "Very high human development" as well. The latter is not included here because its association of developed countries with countries with both high incomes and developed markets is not deemed as directly relevant.

However, many other institutions have created more general lists referred to when discussing developed countries. According to the World Bank the following 82 countries including territories are classified as "high-income economies".

There are 29 OECD member countries and the European Union —in the Development Assistance Committee DAC , [26] a group of the world's major donor countries that discuss issues surrounding development aid and poverty reduction in developing countries. San Marino was later included in the IMF's list. There are 22 permanent members in the Paris Club French : Club de Paris , a group of officials from major creditor countries whose role is to find coordinated and sustainable solutions to the payment difficulties experienced by debtor countries.

Comparative table of countries with a "very high" human development 0. From Wikipedia, the free encyclopedia. This is the latest accepted revision , reviewed on 16 April Country with a developed industry and infrastructure. For the magazine, see Industrialnation.

For the investing classification, see Developed market. Developed countries. Developing countries. Least developed countries. Data unavailable. See also: North—South divide in the World. Virgin Islands. Mauritius Seychelles. See also: Development Assistance Committee. Canada United States. Japan South Korea.

Australia New Zealand. Brazil Canada United States. Israel Japan South Korea. This section possibly contains original research. Please improve it by verifying the claims made and adding inline citations. Statements consisting only of original research should be removed. February Learn how and when to remove this template message.

The World Bank Archived 28 August at the Wayback Machine classifies Macau as a high income economy along with developed economies as well as with few developing economies. However, the country is still considered by other institutions such as the World Bank and the United Nations as developed, and membership to the OECD is not necessarily a criteria for developed status, as well as a country being a part of the OECD does not also mean that a country is developed e.

Colombia and Mexico. In , the country had also ranked first on the Human Capital Index. International Monetary Fund. Archived from the original on 22 December Retrieved 12 May Investopedia 16 April Retrieved Archived from the original on 4 March The End of Poverty.

ISBN Archived from the original on 30 December Retrieved 20 January Commission of the European Communities. Archived from the original on 15 March Economics Help. Archived from the original on 17 December Retrieved 23 September United Nations Statistics Division.

Note b. Archived from the original on 10 February Retrieved 13 May Archived from the original on 11 July World Economic Outlook, April , p.

Archived from the original PDF on 21 April Archived PDF from the original on 9 December Retrieved 9 December How are relevant data queried? Retrieved 14 March Retrieved 13 March Archived from the original on 24 October International Organizations and Groups". World Factbook. Archived from the original on 9 April Retrieved 10 April Archived from the original on 21 February Retrieved 25 January Retrieved 12 July

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