Difference between Developed and Developing Countries
Difference between Developed and Developing Countries

Difference between Developed and Developing Countries

Countries are classified by economic development. The United Nations groups nations as developing or developed, and nations experiencing significant change, for example, Turkmenistan, Kyrgyzstan, and Kazakhstan.

The World Bank arranges nations as indicated by their GNI per capita pay. The order of a nation does rely on upon its income as well as on different variables that influence how their public live, how the economies are incorporated into the worldwide framework, and the extension and expansion of their fare businesses.

Developed Countries:

A developed nation is one that has a very high rank in industrial advancement, constructs its economy in light of innovation and assembling rather than agribusiness. The variables of production, for example, human and regular assets are completely used bringing about an increment underway and utilization which prompts a very high rank in per capita salary.

A nation with a more Human Development Index (HDI) is viewed as a developed nation. It not just measures the financial improvement and GDP of a nation additionally its instruction and future.

Developing Countries:

A developing nation is those having a way of life or level of modern advancements well beneath that conceivable with money related or specialized guide; a nation that is not yet exceptionally industrialized. A country having less utilization of resources and low income per capita which leads to low GDP of a country.

Developed VS Developing Countries

  • Industrial Economies:

In developed countries, economy depends on industrial sector instead of agriculture sector. There is more development in industrial sector.

In developing countries, mostly economy depends on agriculture sector and they are moving toward industrialization.

  • Citizens:

In developed countries, citizens and well off and rich.

In developing countries, proportion of rich citizens is very low.

  • Unemployment:

In developed countries, there is no such issue of unemployment. They provide many employment opportunities to the citizens.

In developing countries, issue of unemployment is there and it affects the economy of country very badly.

  • Education:

The growth rate in education sector is very high in developed countries and they have best education systems.

Whereas the growth rate of developing countries in education sector is low as compare to developed countries. While developing countries are following the education system of developed countries to achieve the standard.

  • Technological advantages:

In developed countries, every place is full with technological advancements and they always try to make it better.

In developing countries, there are many undeveloped rural areas and even urban sector have less technological advancements.

  • Roads:

Developed countries have a very sound infrastructure by having better roads, railway tracks, airports etc.

Developing countries don’t have a sound infrastructure as compare to developed countries.

  • Government:

There exists stable government in developed countries so that they make effective and reliable policies for better economic development.

Developing countries have unstable governments and mostly try to following the policies made by developed countries.

  • Health care:

In developed countries, good and better facilities for health have been provided to citizens.

In developing countries, health care facilities are not so good and acceptable.

  • Resources:

In developed countries, the natural and human resources are fully and efficiently consumed.

In developing countries, many of the natural resources are still untouched and others resources are also not fully utilized.

  • Income:

There is a high level of income as per citizen living in developed country so that they have high GDP and GNP.

Developing countries have low level of income as per citizen living in country with unequal distribution of income as that have low GDP and GNP.

  • High Human Development Index (HDI):

In developed countries, there are best education systems and better health care and high income level so this leads to high value and ranking of HDI.

In developing countries, there are low income level and fewer facilities for health care and low rates of education so this leads to low or middle ranking in HDI.

  • Life expectancy:

In developed countries, due to better health care the life expectancy has been increased and they have low birth rates as well as low death rates.

In developing countries, life expectancy is not so high but has high rates of birth and death due to less facilities and education.

  • Water and food supply:

In developed countries, safe and clean water is supplied with plentiful supply of food items and good housing condition.

In developing countries, dirty and unsafe water is supplied with less reliable food items and poor condition of houses.

Conclusion

From above discussion we come to know that developing countries are facing a lot of problems in way of development.