Do you not want to live in another country someday? If yes, surely there would be some things you would always keep in mind while deciding which country to move to. And nothing better than a developed nation, right? But, did you know that countries are divided into developed and developing? There are some characteristics that distinguish a developed country from a developing one. In this article, we shall focus on the characteristics of a developed country, the main features of developed economy, and what does a country need in order to develop.
1. What is a Developed Country Example?
When we hear the word developed, the instant thought arises is- like what. What is a developed country example? No worries. Examples of countries with developed economies include the United States, Canada, and the majority of Western and Eastern Europeans including the United Kingdom and France. (See 16 Fun facts about France)
2. What are the 8 Developed Countries?Photo by Carlos Alfonso on Unsplash
The Group of Eight also known as G8 is a group of eight highly industrialized nations which includes France, Germany, Italy, Japan, the United States, the United Kingdom, Canada, and Russia. These eight countries conduct annual meetings popularly known as the G8 to discuss global issues like economic growth, crisis management, global security, energy, and terrorism. (See Why Africa is underdeveloped?)
3. What’s the Most Developed Country?
A lot of people might assume the obvious answer to this question to be the United States. But no, the correct answer is Norway. With a human development index of 0.944, Norway is the most developed country. Since the initiation of the industrial era, they have not deviated from their mixed pattern of the economy. The abundance of natural resources in the country is one of the major contributors to their economy. (See Why is kenya still a developing country?)
4. What does a Country need in Order to Develop?
Do you ever ponder why is there a gap between nations classifying them into developed and developing? What makes a country develop? What does a country need in order to develop? Well, it is seen that the classification between nations broadly happens on the basis of gross domestic product (GDP) or gross national per capita income, the general standard of living, and the technological infrastructure.
Hence, these are the basic things that a country requires in order to develop. The United Nations reflects the development status as basic economic country conditions. (See What is the Positive Effect of Urbanization?)
5. What Characterizes a Developed Country?
While speaking of developed countries, it is not always important to associate good golden words. However, while characterizing a developed nation, we do use great praise, because it is these things that differentiate them from other nations. A developed country is also called an industrialized country. It consists of a mature sophisticated economy which is usually measured by gross domestic product and/or average income per resident.
These nations also have advanced technological infrastructure and a diversified industrial and service sector. The citizens enjoy a quality life with access to quality healthcare and education. (See Why is Mexico a developing country?)
6. What are the Characteristics of a Developed Country?Photo by Pawan Kawan on Unsplash
After reading the article here, you can pretty much guess the characteristics of a developed country. Let’s list them out. For starters, an improved economy is one of the first characteristics of a developed nation. This improved economy is a result of the overall growth of each sector of the country. Be it education, finance, or investment, all of it adds up to the title of a developed country. Some more characteristics of a developed country are:
- Human Development Index: It is a statistical tool that measures a country’s social and economic development by mainly focusing on good health care, lowering child mortality rate, quality education, and literacy rates.
- Per capita Income: It is the average income earned by a person in one year in a particular region. It is calculated by the total income in a given country divided by the total population. Developed nations have a high per capita income.
- Industrialization: High rates of employment and manufacturing, modern technology, and technical advancements are brought in by industrialization, hence, it is a major characteristic.
- Political stability: Good governance makes sure there is transparency in public affairs, low corruption levels, and people’s respect for laws.
- Better living standards: The financial stability provided in developed nations provide a high standard of living which is also a great determiner of a developed country.
- Education: It is one of the most important characteristics of a developed country. Developed nations make sure that all their citizens have access to quality education.
7. What are the Characteristics of Developing Country?
The characteristics of a developing nation are pretty much the opposite of the ones of a developed nation. These include:
- Low per capita income: Lower per capita income means the average income per person is low which makes it insufficient to invest or save.
- Mass poverty: Being unable to fulfill basic needs creates a vicious circle of poverty which leads to illiteracy and unemployment which ultimately leads to low per capita income.
- Rapid population growth: Lack of education and lack of family planning results in a mentality of more kids equalling more labor force which means more income and hence raises the population. Such countries also have a high infant mortality rate.
- Unemployment or underemployment: The problem arises majorly due to low industrial development, lack of proper utilization of natural resources, and heavy dependence on agriculture. Underemployment is highly found in rural and backward areas.
There are many more factors like excessive dependence on agriculture, technological backwardness, dualistic economy, more consumption, and less saving, etc. (See Why is Egypt a developing country?)
8. What are the Common Characteristics of a Most Developed Country?
Although just like every person is different, every country is also different. The characteristics of a developed country that define the essence of a country are different in many ways. But there are some things that the developed nations share in common. These include:
- High standard of living
- Most of the GDP came from the industry sector
- High GDP per capita
- Low corruption
- Mainly urban citizens
- Advanced public transportation
- Low poverty
- High quality of education
- Advanced military and security
9. What are 5 Characteristics of Development?Photo by Jason Blackeye on Unsplash
The overall development of a nation is important for the overall development. But there still are some characteristics that are the driving force of the economy. We have discussed them in brief previously in the article, now let’s list them out. The 5 characteristics of development are:
- Human Development Index
- Per Capita Income
- Quality education
- Political stability
All 5 of the elements have their fair share of contribution in steadily driving the economy towards the standards of a developed nation. (Also read How are Humans Economics and Ecology Linked?)
10. What are the Main Features of Developed Economy?
After understanding the characteristics of both developed and developing nations, it is time to witness the main features of developed economy. A developed economy is an economy with a high level of economic activity. The following are the characteristics of a developed economy:
- High income
- High Human Development Rank
- Service sector domination
- Technological Advancements
- High level of infrastructure development
Learning about the developed and developing nations and the line of difference between the two definitely concludes one thing that developed nations make sure that all their citizens have good access to all their services. They balance out their development by growing in all sectors. The purpose of this article was to make you learn about the characteristics of a developed country, what does a developing nation need to do in order to earn the title of a developed nation and the main features of developed countries. We hope this article was helpful for your knowledge gain. (Also read How Globalization affects your Daily Life?)