Republic of the Philippines

POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

Office of the Vice President for Branches and Satellite Campuses
PULILAN CAMPUS

DIFFERENCES
BETWEEN THE
FIRST WORLD AND
THIRD WORLD
COUNTRIES
(DEVELOPMENT ECONOMICS)

SUBMITTED BY:
Cala, Rona Mae F.
BPAPFM-PL 3-1

SUBMITTED TO:
Prof. Mario Libiran
 FIRST WORLD COUNTRIES THIRD WORLD COUNTRIES
• advanced economies • lower level of economic development

• high levels of industrialization • limited infrastructure

• high infrastructure rate • struggle with poverty

• high technological advancements • unemployment rate is high

• higher GDP per capita • lack of access to basic services

• higher standards of living • authoritarian regimes

• better access to healthcare and education • unstable governments

• stable political institutions • ongoing conflicts

• respect for human rights • face challenges in providing basic healthcare

• respect for rule of law • face challenges in providing basic education

• well-established political systems • face challenges in providing basic sanitation

services
• better social indicators
• lack adequate infrastructure
• higher literacy rates
• income disparities
• lower infant mortality rates
• low gross domestic product (GDP)
• longer life expectancy
• low gross domestic product (GDP) per capita
• better access to clean water and sanitation
facilities • weak economy

• well-developed infrastructure • lower standard of living

• high transportation networks • high poverty rates

• high communication systems • economic instability

• reliable access to electricity and water supply • high inflation

• efficient transportation systems • high levels of debt

• modern telecommunications • lack of essential resources

• advanced technological infrastructure • low literacy rates

• lower levels of income inequality • low life expectancy

• more equitable distribution of wealth and

resources • poor healthcare system

• higher standard of living • low human development index (HDI)

• comfortable lifestyle

• access to modern amenities and services

• well-maintained roads

• widespread internet access

• diverse industries

• low unemployment rates