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Difference between developed and developing countries?
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Difference between developed and developing countries?
Developed and Developing Countries


There are many differences between developed and developing countries. Developed countries are those countries that have a high level of economic development, while developing countries are those countries that are still in the process of developing economically. The main differences between these two types of countries are discussed below:


Economic Development


  • Developed countries have a high level of economic development, while developing countries are still in the process of developing economically.

  • Developed countries have a higher GDP per capita, while developing countries have a lower GDP per capita.

  • Developed countries have a highly diversified economy, while developing countries have economies that are heavily reliant on agriculture, mining, or a few other industries.



Infrastructure


  • Developed countries have well-developed infrastructure such as roads, airports, ports, and communication systems, while developing countries have poorly developed infrastructure.

  • Developed countries have access to advanced technologies and modern equipment, while developing countries lack these facilities.

  • Developed countries have a well-established system of healthcare, education and social welfare, while developing countries often lack adequate healthcare, education and social welfare systems.



Political Stability


  • Developed countries have a stable political system, while developing countries often face political instability.

  • Corruption is often widespread in developing countries, while developed countries have fewer instances of corruption.



Standard of Living


  • Developed countries have a higher standard of living, while developing countries have a lower standard of living.

  • Developed countries have a better quality of life, while developing countries often face poverty, hunger, and disease.

  • Developed countries have a higher life expectancy, while developing countries have a lower life expectancy.



Conclusion

Overall, developed countries have a higher level of economic development, infrastructure, political stability, and standard of living compared to developing countries. However, the gap between developed and developing countries is slowly closing as developing countries continue to grow economically and improve their infrastructure and standard of living.
Community Answer
Difference between developed and developing countries?
The countries which are facing the beginning of industrialization are called Developing Countries. Developed Countries have a high per capita income and GDP as compared to Developing Countries. ... In developed countries, the birth rate and death rate are low, whereas in developing countries both the rates are high
A developing country (or a low and middle income country (LMIC), less developed country, less economically developed country (LEDC), or underdeveloped country) is a country with a less developed industrial base and a low Human Development Index (HDI) relative to other countries.
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Read the given extract and answer the questions that follows:If democracies are expected to produce good governments, then is it not fair to expect that they would also produce development? Evidence shows that in practice many democracies did not fulfil this expectation. If you consider all democracies and all dictatorships for the fifty years between 1950 and 2000, dictatorships have slightly higher rate of economic growth. The inability of democracy to achieve higher economic development worries us. But this alone cannot be the reason to reject democracy. As you have already studied in economics, economic development depends on several factors: country’s population size, global situation, cooperation from other countries, economic priorities adopted by the country, etc. However, the difference in the rates of economic development between less developed countries with dictatorships and democracies is negligible. Overall, we cannot say that democracy is a guarantee of economic development. But we can expect democracy not to lag behind dictatorship in this respect. When we find such significant difference in the rates of economic growth between countries under dictatorship and democracy, it is better to prefer democracy as it has several other positive outcomes.Answer the following MCQs by choosing the most appropriate options:Q. Which development depends on country's population, size, global situation and co-operation from other countries?

Read the given extract and answer the questions that follows:If democracies are expected to produce good governments, then is it not fair to expect that they would also produce development? Evidence shows that in practice many democracies did not fulfil this expectation. If you consider all democracies and all dictatorships for the fifty years between 1950 and 2000, dictatorships have slightly higher rate of economic growth. The inability of democracy to achieve higher economic development worries us. But this alone cannot be the reason to reject democracy. As you have already studied in economics, economic development depends on several factors: country’s population size, global situation, cooperation from other countries, economic priorities adopted by the country, etc. However, the difference in the rates of economic development between less developed countries with dictatorships and democracies is negligible. Overall, we cannot say that democracy is a guarantee of economic development. But we can expect democracy not to lag behind dictatorship in this respect. When we find such significant difference in the rates of economic growth between countries under dictatorship and democracy, it is better to prefer democracy as it has several other positive outcomes.Answer the following MCQs by choosing the most appropriate options:Q. What is meant by economic inequality?

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