Developed Countries have the highest level of social and economic development (Canada, USA, Japan,...
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Transcript of Developed Countries have the highest level of social and economic development (Canada, USA, Japan,...
• Developed Countries have the highest level of social and economic development (Canada, USA, Japan, Germany, England, Australia)
• Economies are based increasingly on the service sector (health care, banking, transportation, IT)
• Strong manufacturing bases have become less important to the country’s overall economy
• Primary industry (mining, farming, forestry, fishing) least important economic sector
• High standard of living and long life expectancy
• Developed countries currently have approximately 20% of the world’s population and consume most of it’s resources
Developed Countries
• Developing Countries have the lowest level of social and economic growth, most of the countries of Africa and Asia are members of this group
• Have economies that are dominated by primary industries. Much of the population are farmers (subsistence agriculture)
• Most new development is aimed around manufacturing (may have raw materials and cheap labour)
• Poorly developed service sector (no one has money to pay for non-essential (cable, barber, banking) or essential (health care, education) services
• Low standard of living and short life expectancy• Foreign Aid plays an important role in a
government’s ability to pay for essential services and maintaining infrastructure (electricity, roads, sewers, garbage disposal)
Developing Countries
• Newly Industrializing Countries (NIC) are in the process of becoming developed
• Involves a complete shift from reliance on primary industry to creating economic growth in the service and manufacturing sectors
• Huge shift from primarily Rural to primarily Urban population
• Countries such as Taiwan and South Korea have just recently passed through this stage
• Countries such as China, Mexico, Malaysia, India, Chile are currently in this Category
• There is generally a huge difference from the lifestyles of the very rich and very poor in these countries
• Although much of the country is beginning to have greater wealth, the majority of the people are still quite poor compared with the average in a developed country
Newly Industrializing Countries
• GDP per capita: is the total amount of goods and services produced in a country in one year divided by the total population. This gives an idea of the amount of money available for each person.
• Rural/Urban mix: a measure of the percentage of the population living in cities
• Birth Rate: a measure of the babies born each year • Life Expectancy: How long the average person can
expect to live• Number of Doctors per 1000: Generally the more
doctors per people in the country indicates a higher degree of development
• Number of TVs, Telephones or internet users per 1000: Countries with higher number in these categories have greater growth in the service sector and generally a higher standard of living
Comparing Statistics
• Human Development Index (UN): uses a combination of life expectancy, literacy rate and GDP per capita to indicate a relative degree of development for a country
• HDI gives a rough indication of what are the best and worst countries to live in.
• Canada is one of the highest ranked countries on the UN’s HDI
• Out of the world’s approximately 173 countries; 53 are highly developed, 84 have a medium HDI (adequate quality of life) and 36 have a low HDI (poor quality of life)
Human Development Index