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Developed Part
Developed Part
A developed country is a country with high industrial and economic development. That’s
why it is also called an industrialized country. Countries are categorized by the relative
terms developed, developing, or underdeveloped based on multiple criteria, but generally
speaking the categories are based on the economy and the standard of living in each country.
A developed country has a has a mature and sophisticated economy, usually measured
by gross domestic product (GDP) and/or average income per resident, a technological
infrastructure, and its citizens have a high quality of life overall. Their citizens typically
enjoy access to quality health care and higher education.
A country is called a developed country only when she is fully developed by economy.
Generally, a developed economy automatically makes a country developed. And an
improved economy is one of the first feature or characteristics of a developed country. All
these countries have a high level of economic growth as well as their security.
The general criteria for measuring the development of a state are like per capita income, per
capita gross domestic product, industrialization level, the standard of living of people, the
level of technology and infrastructure etc. They are called features as well. Here is has been
describe in brief.
Human Development Index: HDI measures how this income has turned into social
development standards like health or education. When talking of HDI, it is considered the
following-
High income per capita: Developed countries have high per capita incomes each
year. By having a high income per capita, the country’s economic value will be boosted.
Therefore, the amount of poverty can be overcome.
The level of exports is higher than imports: The level of exports in developed
countries is higher than the level of imports because of the superior human resources and
technology possessed.
Moreover, the role of the Government, the role of the household, total fertility rate, better living
Standards etc. work to make a country developed economically.