| Developed Countries |
Website Links For Country |
Information AboutDeveloped Countries |
| CATEGORIES ABOUT DEVELOPED COUNTRY | |
| country classifications | |
| human geography | |
| economic geography | |
| development | |
| lists of countries | |
|
The term developed country, or '''advanced country''', is used to categorize countries with developed Economies in which the Tertiary and Quaternary Sectors Of Industry dominate. This level of economic development usually translates into a high income per capita and a high Human Development Index (HDI). Countries with high Gross Domestic Product (GDP) per capita often fit the above description of a developed economy. However, anomalies exist when determining "developed" status by the factor GDP per capita alone. SYNONYMS Modern terms synonymous with the term developed/advanced country include '''industrialized countries''', '''more developed countries''' (MDC) and '''more economically developed countries''' (MEDC). The term industrialized country may be ambiguous, as , followed by Germany , France , the remainder of the United Kingdom and other Western European countries. According to Economists such as Jeffrey Sachs , however, the current divide between the developed and developing world is largely a phenomenon of the 20th century, noting that until the post World War II era most persons in all soceities were impoverished.1 DEFINITION According to the United Nations definition, there is no established convention for the designation of "developed" and "developing" countries or areas. In common practice, Japan in Asia, Canada and the United States in North America, Australia and New Zealand in Oceania, and Western Europe are considered "developed" regions or areas. In international trade statistics, the Southern African Customs Union is also treated as a developed region and Israel as a developed country; and countries of eastern Europe and the former Soviet Union (U.S.S.R.) countries in Europe are not included under either developed or developing regions." Nowadays the more comprehensive group of "developed countries" also covers the East Asian Tigers ( Hong Kong , Singapore , South Korea and Taiwan ). Hong Kong has long been considered developed by the IMF which grants the formal classification of developed countries. Although Hong Kong was handed over to the People's Republic Of China (PRC), which is a Developing Country , it is still considered internationally as separate economic entities (as it has its own currencies - the Hong Kong Dollar) and a separate political system according to the Basic Law Of Hong Kong . Due to the difference between its economy and that of Mainland China , its territory retain its own border and custom controls. HIGH INCOME COUNTRIES See Also: High income country | |||||||||
| |||||||||
|
|||||||||
|
|