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Development

Development

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Published by api-3735029
Development MBA International business
Development MBA International business

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Published by: api-3735029 on Oct 15, 2008
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03/18/2014

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Categories of Countries according to Level of
Economic Development
OECD - Organization for Economic Cooperation and
Development

Industrial and post-industrial economies
High technology production, services
Examples:
USA, EU, Japan, Australia and New Zealand

plus some advanced NICS (Mexico, South Korea, Turkey)
plus some former CPEs (Poland, Hungary, Czech Republic)
NIC - Newly industrializing countries

Export-oriented economic development
Early: focus on low-priced, labor-intensive goods
Late: focus on large scale industrialized mass production
Examples: Taiwan, Brazil, Malaysia

LDC - Less developed countries

Economy is still largely agricultural
Most technology controlled by multinational corporations
High level of international debt
Frequently have problems of political stability
Examples: El Salvador, Zaire, Bangladesh

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