Difference between Developed & Developing Countries
So, first we should have a look on the definitions of Developed and Developing Countries: Developed Countries: A country having a high rate of Industrial Growth & high individual income (or say per capita income) is known as a Developed Country. They are considered to be highly developed in the terms of economic growth. As the description says, these countries are also known as the Advanced Countries. There are a lot of criteria which are to be considered while assigning these credits to the countries. Some of these criteria are Standard of Living, Status of women in the country, literacy rate, Child Welfare Rate, Availability of high quality HealthCare facilities, Advanced Housing Facilities, Excellent Infrastructures, Excellent Transport & Communication Facilities, Greater Life Expectancy, while GDP and per capita income are the most important criteria. A few examples of Developed Countries are United States, Japan, France, Germany, Canada, Australia, Switzerland, etc. Developing Countries: The countries which have a lower Human Development Index (HDI) are called Developing Countries. These countries do not shower growth and development in almost all the criteria mentioned for the Developed Countries. They are not highly developed in terms of economic growth. They do not have high standard lifestyle of the people there, not a very high literacy rate, non availability of high quality Healthcare facilities, Housing facilities are not very advanced, they do not have Excellent Infrastructures, excellent transport & communication facilities are not there, higher life expectancy is not there and GDP and per capita income is not very high. A few examples of developing countries are India, Pakistan, China, Sri Lanka, Thailand, UAE, Kenya, etc. The key differences between Developed & Developing Countries can be understood with the help of the following table: Other Relevant Articles
Difference Between Formal and Informal CommunicationDifference Between Convertible and Non Convertible DebenturesDifference Between AGM and EGM, Key Difference Between EGM & AGMDifference between Public & Private Companies, Pvt Ltd and Public LtdDifference between trading account and demat accountDifference between shares and stocks with IntroductionDifference Between LLP and Partnership with Comparison ChartDifference between Mortgage and Charge with Comparison ChartDifference Between Executive Director and Independent DirectorDifference Between ESOP and Sweat Equity Shares with ChartDifference Between Pre Incorporation Contracts & Provisional ContractsDifference between Management and Administration with chart
If you have any query regarding “Difference between Developed & Developing Countries” then please tell us via below comment box…
