Developed countries

Developed Countries

Developed countries (pronunciation: /dɪˈvɛləpt ˈkʌntriz/), also known as industrialized countries, are nations with a high level of development, as measured by certain criteria. These criteria often include a well-established infrastructure, high per capita income, and advanced technological capabilities.

Etymology

The term "developed countries" is derived from the concept of economic development, which refers to the process by which a nation improves the economic, political, and social well-being of its people. The term "industrialized countries" is often used interchangeably, reflecting the significant role of industrialization in economic development.

Related Terms

• Developing countries: Nations that are less industrialized and have lower per capita income levels. Developing countries are often characterized by their efforts to develop through, for example, economic growth.

• Least developed countries: These are countries that, according to the United Nations, exhibit the lowest indicators of socioeconomic development.

• First World: This term, now less commonly used, originally referred to the capitalist, industrialized countries during the Cold War era.

• Third World: This term, also less commonly used today, originally referred to the developing countries that were not aligned with either the First World or the Second World during the Cold War.

• High-income economy: An economy with a gross national income per capita above a certain threshold, as defined by the World Bank.

• Middle-income economy: An economy with a gross national income per capita that falls between the thresholds for low-income and high-income economies, as defined by the World Bank.

• Low-income economy: An economy with a gross national income per capita below a certain threshold, as defined by the World Bank.

See Also

• List of developed countries
• Economic development
• Industrialization
• World Bank
• United Nations

External links

• Medical encyclopedia article on Developed countries
• Wikipedia's article - Developed countries

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