Neal Smith

Uganda- Has plenty of natural resources and fertile land for farming but has not been able to
capitalize on those resources because of their unstable government. This lack of government has
left Uganda as one of the poorest and least developed countries in the world.
Life expectancy: 59 Years
Income per person: $1251

India- Their economy is the tenth largest in the world due to their manufacturing industry.
Agriculture is also a major sector of Indias economy. India has increasingly adopted freemarket principles and liberalised its economy to international trade.
Life Expectancy: 66 Years
Income per person: $3229

Vietnam- Vietnam is a developing planned and market economy. They rely heavily on their
agricultural exports. They have one of the fastest growing economies with a potential annual
growth rate of 10%.
Life Expectancy: 76 Years
Income per person: $3074

Russia- Russia has the 6th largest economy in the world. They are a mixed economy with
abundant resources to use. They also have a very sophisticated arms industry which produces
many of their exports.
Life Expectancy: 68 Years
Income per person: $15,428

Chile- Chiles economy is leading all other Latin American countries in competitiveness,
economic freedom, income per capita, globalization and low perception of corruption. However
Chile has a high economic inequality which has hurt its economy and dropped it in the past few
years.
Life Expectancy: 80 Years
Income per person: $15,404

3 Important Facts/conclusions I learned about Development of the World

1) Industrial Revolution helped Europe become more developed compared to the rest of the
world.
2) After 1948 more and more countries became healthier and richer.
3) You can split parts of countries and see a big difference from their average health and
income per person.