Kyiv National Economic University named after Vadym Hetman

Philipps-Universität Marburg

Home task №2

Discipline: International economy

DEVELOPED COUNTRIES
By 2nd year student, faculty of International Economics and Management
Kamenchuk Polina, group IE-210i
02.11.2022
 Contents
3. Introduction

4. GDP per Capita (current US$) trends table, 2004-2020

5. GDP per Capita (current US$) trends graph, 2004-2020

6. GNI per capita, Atlas method (current US$) trends table, 2004-2020

7. GNI per capita, Atlas method (current US$) trends graph, 2004-2020

8. Level of industrialization trends table, 2004-2020

9. Level of industrialization trends graph, 2004-2020

10. Ranking of countries according to their quality of infrastructure, 2019

11. Human development index and its components

12. Conclusion

13. Sources
 Introduction

➢ Definition: A developed country is a sovereign state that has a high quality of

life, developed economy and advanced technological infrastructure relative to
other less industrialized nations.
➢ Criteria for evaluating the degree of economic development:
Gross domestic product (GDP)
Gross national product (GNP)
Gross national income (GNI)
Level of industrialization
Amount of widespread infrastructure
General standard of living
Human development index
Freedom
GDP per Capita (current US$) trends table, 2004-2020
GDP per capita (current US$) trends graph, 2004-2020
GNI per capita, Atlas method (current US$) trends table,
2004-2020
GNI per capita, Atlas method (current US$) trends graph,
2004-2020
Level of industrialization trends table, 2004-2020
Level of industrialization trends graph, 2004-2020
Ranking of countries
according to their
quality of
infrastructure, 2019
Human development index and its components
 Conclusion
➢ A developed country is a sovereign state with high industrial and Human Development Index compared to other countries. It must also
have a technologically advanced infrastructure, and its economy must be highly developed. It is also referred to as industrialized
country or more developed country.
➢ Human Development Index (HDI). HDI is a measure developed by the UN to measure human development in a country and the higher
the HDI the more prosperous the country is. Unlike the GDP or GNP, which give income and productivity only, HDI give how income is
turned into human development like education or health.
➢ Income Per Capita. This refers to the average amount of money a person receives within one year in a specific region. It is calculated
by dividing the total income in a specific country by the total population of that country, and this value is always high in a developed
country. High per capita income signifies high economic and financial security for the general population of that nation.
➢ Industrialization. For a developed country, the rate of industrialization and employment is high thus the general population depends
less on agriculture. Such a nation will have higher export than imports hence the profits from the international trade will ensure that
there is economic growth hence increase in industrialization. The technological infrastructure of a developed nation is also high due to
the high level of industrialization.
➢ Political Stability. The index for measuring political stability was developed by World Bank and it is a measure of the level of
development of a country. Developed countries have stable political environment, low or no corruption, and high level of respect to the
country's laws.
➢ General Living Standards. The cost of living in a developed country is high compared to the less developed country, and this is
because the majority of the population is willing and has the financial ability to afford quality goods and services which are expensive.
Secondly, goods produced by local industries are mostly consumed as opposed to imported products which might be inferior. The
general public has access to clean water and environment, affordable and quality housing and access to other social and economic
amenities in the country like access to emergency services are fast.
Sources

https://www.worldatlas.com/articles/what-is-a-developed-country.html

https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2019&start=2004

https://data.worldbank.org/indicator/NY.GNP.PCAP.CD

https://data.worldbank.org/indicator/NV.IND.MANF.CD

https://hdr.undp.org/data-center

https://www.worldatlas.com/articles/what-is-a-developed-country.html