TYPES OF STATES

INDUSTRIALIZED DEMOCRACIES (1st World)

COMMUNIST AND POST COMMUNIST (2nd World)

LESS DEVELOPED COUNTRIES (LDCs) (3rd World)Newly Industrialized Countries (NICs)

INDUSTRIALIZED DEMOCRACIES: CHARACTERISTICS

POLITICAL Stable liberal democracy

ECONOMIC High level of economic development

COMMUNIST AND POST-COMMUNIST: CHARACTERISTICS

POLITICAL: Communist: one-party,

authoritarian regime. Post-communist:

authoritarian, democratic, or somewhere in between.

ECONOMIC: Communist: eliminate

economic inequality. Post-communist:

transforming to incorporate capitalism.

LESS DEVELOPED COUNTRIES:CHARACTERISTICS

POLITICAL: Tend to have authoritarian regimes. Struggle with political development/stability.

ECONOMIC: Limited economic growth

INDICATORS OF ECONOMIC DEVELOPMENT? (HOW DO WE MEASURE IT?)

INDICATORS OF ECONOMIC DEVELOPMENT

Post-IndustrialAgricultural Industrial

Service

INDICATORS OF ECONOMIC DEVELOPMENT

Post-Materialism/Post-Modernism

Stages

Pre-ModernBasic Survival

Modernism (Materialism)Values of Industrialism

Materialism Rationalism and Reasoning

POST-MATERIALISM/POST-MODERNISM

Set of values that emphasize “Quality of Life” instead of material gain.Health CareEnvironmentEducation

GROSS DOMESTIC PRODUCT PER CAPITA

The total value of goods and services produced by an economy, divided by population of the country.

GNP: Includes income earned by citizens outside of the country.

INDICATORS OF ECONOMIC DEVELOPMENT

Human Development Index Measures overall well-being of

society: Health, education, & income.

1= Very Good0= Very Bad

HUMAN DEVELOPMENT INDEX

1. NORWAY 4. UNITED STATES

169. ZIMBABWE

Life Expectancy

81 Years 79.6 Years

47 Years

Years of Schooling

12.6 Years

12.4 Years

7.2 Years

GDP per Capita

$58,278 $46,653 $187

HDI 0.938 0.902 0.140

http://hdr.undp.org/en/statistics/ 2. Australia 3. New Zealand

HUMAN DEVELOPMENT INDEX

Health Education Income HDI0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

0.9

1

NorwayZimbabwe