Concept of Developing, Emerging and Developed countries.

 

In 1978, the World Bank, for the first time, constructed an analytical country classification system. The occasion was the launch of the World Development Report. Annexed to the report was a set of World Development Indicators (WDI), which provided the statistical underpinning for the analysis. The first economic classification in the 1978 WDI divided countries into three categories: (1) developing countries, (2) industrialized countries, and (3) capital-surplus oil-exporting countries. Developing countries were categorized as low- income (with GNI/n of US$250 or less) and middle-income (with GNI/n above US$250).

Major Characteristics of Developing Countries are:-

  1.  Lower per-capita income
  2.  Low levels of human capital
  3. High levels of poverty and under-nutrition
  4. Higher population growth rates
  5. Predominance of agriculture and low levels of industrialization
  6. Low level of urbanization but rapid rural-to-urban migration
  7. Dominance of informal sector
  8. Underdeveloped labor, financial, and other markets.

Major Characteristics of Emerging Countries are:-

  1. the small size of the economy,
  2. GNP/Capita much lower than in developed countries,
  3. a reduced opening for accepting foreign investors,
  4. a high volatility of the exchange rate which implies greater risk in trading.

Major Characteristics of Developed Countries are:-

  1. Average income per capita of the population is generally high.
  2. Education level of high average population.
  3. Life expectancy of the population average height.
  4.  Population growth rate per year is relatively small.
  5. The death rate per year is relatively small population.
  6. Life-style market economy.
  7. His wide and varied field.
  8. Economic activity in most industry sectors, as well as export commodities.
  9. The majority of the population lives in cities.
  10. Relatively high level of population health.
Final Destination for Haryana PSC Notes and Tests, Exclusive coverage of HPSC Prelims and Mains Syllabus, Dedicated Staff and guidence for HPSC Exams HPSC Notes brings Prelims and Mains programs for HPSC Prelims and HPSC Mains Exam preparation. Various Programs initiated by HPSC Notes are as follows:- For any doubt, Just leave us a Chat or Fill us a querry––

Hope we have satisfied your need for HPSC Prelims and Mains Preparation

Kindly review us to serve even better


HPSC Mains Test Series 2020

20 Quality mock tests and GS Mains Notes

Mains Test Series and Notes

Mains Printed Notes (With COD)


HPSC Prelims Test Series 2020

24 Quality mock tests and GS Prelims Notes

Prelims Test Series and Notes

Prelims Printed Notes (With COD)

[jetpack_subscription_form title=”Subscribe to HPSC Notes” subscribe_text=”Never Miss any HPSC important update!” subscribe_button=”Sign Me Up” show_subscribers_total=”1″]

error: Content is protected !!