Professional Documents
Culture Documents
Developing Vs Underdeveloped Countries
Developing Vs Underdeveloped Countries
developing countries
Well starting by defining the words 'poor and 'rich'. Do you mean rich in
culture? Or do you mean that the country has a very strong economy and a
high standard of living?
Developed countries:
Post developed countries are those economies which have been
developed in terms of resources and economic conditions. These include
economies from the global north such as Germany, Britain, France, United
States of America etc. Developing economies are those economies which
are striving to come out of their social, economic and political crisis. They
currently lack what developed economies owe such as political stability,
strong economic indicators, free market system, democracy etc. The
developing economies include economies of global south or rapidly
emerging economies such as India, China, Brazil, and Turkey etc. These
economies have greater chances to become stronger in coming future.
However underdeveloped countries are usually referred to third world
countries which are in worse conditions as compared to the developing
and developed countries. These economies lack political stability, face
military intervention, very high poverty line, greater unemployment, greater
default risks and greater economic problems. These are some things and
the factors which differentiate between a developed and developing
country and economy.
Factors of Developed country: EIELA
Good economy
Good infrastructure
Good employment
Bettter standard of living
Army
Underdeveloped countries:
Underdeveloped countries usually have a large percentage of the
population engaged subsistence agriculture or working on large
plantations. Subsistence agriculture is raising crops for family use with
little, if any, of the crop sold. Underdeveloped countries, a small
percentage of the population are engaged in manufacturing and industry.
Even in developing countries there are cases where one moves at a rapid
pace to get Developed country recognition (China) and the other which
moves at a snail pace to get the same (India).
Developed:
Developing:
No study of the third world could hope to assess its future prospects
without taking into account population growth. In 1980, the earth's
population was estimated at 4.4 billion, 72 percent of it in the third world,
and it seemed likely to reach 6.2 billion, 80 percent of it in the third world,
at the close of the century. This population explosion in the third world will
surely prevent any substantial improvements in living standards there as
well as threaten people in stagnant economies with worsening poverty.