Developing Country
A Developing Country is a country with a national economy (developing country economy) that can only support a low Human Development Index.
- AKA: Emerging/Less-Developed Country.
- Context:
- It can range from being a Least Developed Country to being a Newly Industrialized Country.
- It can (typically) be a member of Developing Countries.
- It can (typically) have a Developing Country Currency.
- …
- Example(s):
- Brazil, Russia, India, China, Mexico, Indonesia, Egypt, Philippines, Bangladesh, ...
- Canada in 1900.
- England in 1600.
- …
- Counter-Example(s):
- See: GDP Per Capita, Gross National Happiness, Human Development Index, Economic Development, Gross National Happiness.
References
2016
- (Wikipedia, 2016) ⇒ http://wikipedia.org/wiki/Developing_country Retrieved:2016-2-22.
- A developing country, also called a less developed country or underdeveloped country, is a nation with a less developed industrial base, and a low Human Development Index (HDI) relative to other countries. On the other hand, since the late 1990s developing countries tended to demonstrate higher growth rates than the developed ones. [1] There is no universal, agreed-upon criterion for what makes a country developing versus developed and which countries fit these two categories, although there are general reference points such as a nation's GDP per capita compared to other nations. Also, the general term less-developed country should not be confused with the specific least developed country. There is criticism of the use of the term developing country. The term implies inferiority of a developing country or undeveloped country compared to a developed country, which many countries dislike. It assumes a desire to develop along the traditional Western model of economic development which a few countries, such as Cuba and Bhutan, choose not to follow. An alternative measurement that has been suggested is that of gross national happiness, measuring the actual satisfactied economies but lower GDP per capita than other developing nations are often categorized under the term newly industrialized countries.
According to authors such as Walt Whitman Rostow, Third World countries are in transition from traditional lifestyles towards the modern lifestyle which began in the Industrial Revolution in the 18th and 19th centuries.
- A developing country, also called a less developed country or underdeveloped country, is a nation with a less developed industrial base, and a low Human Development Index (HDI) relative to other countries. On the other hand, since the late 1990s developing countries tended to demonstrate higher growth rates than the developed ones. [1] There is no universal, agreed-upon criterion for what makes a country developing versus developed and which countries fit these two categories, although there are general reference points such as a nation's GDP per capita compared to other nations. Also, the general term less-developed country should not be confused with the specific least developed country. There is criticism of the use of the term developing country. The term implies inferiority of a developing country or undeveloped country compared to a developed country, which many countries dislike. It assumes a desire to develop along the traditional Western model of economic development which a few countries, such as Cuba and Bhutan, choose not to follow. An alternative measurement that has been suggested is that of gross national happiness, measuring the actual satisfactied economies but lower GDP per capita than other developing nations are often categorized under the term newly industrialized countries.
2016
- http://qz.com/685626/the-world-bank-is-eliminating-the-term-developing-country-from-its-data-vocabulary/
- QUOTE: In the 2016 edition of its World Development Indicators, the World Bank has made a big choice: It’s no longer distinguishing between “developed” countries and “developing” ones in the presentation of its data.
The change marks an evolution in thinking about the geographic distribution of poverty and prosperity. But it sounds less radical when you consider that nobody has ever agreed on a definition for these terms in the first place.
The International Monetary Fund says its own distinction between advanced and emerging market economies “is not based on strict criteria, economic or otherwise.” The United Nations doesn’t have an official definition of a developing country, despite slapping the label on 159 nations. And the World Bank itself had previously simply lumped countries in the bottom two-thirds of [[gross national income (GNI) into the category, but even that comparatively strict cut-off wasn’t very useful.
- QUOTE: In the 2016 edition of its World Development Indicators, the World Bank has made a big choice: It’s no longer distinguishing between “developed” countries and “developing” ones in the presentation of its data.
2014
- http://www.microsoft.com/security/cybersecurity/cyberspace2025/#chapter-1
- QUOTE: A small percentage of skilled tech workers will drive innovation for a highly Internet dependent world: in 2025 there will be nearly five billion people online and more than 50 billion connected devices. However, by that time, emerging economies will produce 16 million [[science, technology, engineering, and mathematics (STEM) graduate]]s annually, which will be nearly 5 times more than the 3.3 million per year from developed countries. This skills gap, defined by the need in developed countries for appropriately skilled workers, will set the stage for fierce economic competition for technology talent.
2013
- http://www.iawp.org/joiniawp/countrylist.htm
- QUOTE: Developing countries are defined according to their Gross National Income (GNI) per capita per year. Countries with a GNI of US$ 11,905 and less are defined as developing (specified by the World Bank, 2013).