on what basis a country is said to be a developed one and a developing one?

Answer 1

A developing country is a country with a relatively low standard of living, undeveloped industrial base, and moderate to low Human Development Index (HDI). The term has tended to edge out earlier ones, including the Cold War-defined "Third World", which has come to have negative connotations associated with it.

Development entails a modern infrastructure (both physical and institutional), and a move away from low value added sectors such as agriculture and natural resource extraction. Developed countries usually have economic systems based on continuous, self-sustaining economic growth and high standards of living.

The application of the term 'developing country' to all of the world's least developed countries could be considered inappropriate: a number of poor countries are not improving their economic situation (as the term implies), but have experienced prolonged periods of economic decline.
The term "developing country" often refers mainly to countries with low levels of economic development, but this is usually closely associated with social development, in terms of education, healthcare, life expectancy, etc.

The development of a country is measured with statistical indexes such as income per capita (GDP), life expectancy, the rate of literacy, et cetera. The UN has developed the HDI, a compound indicator of the above statistics, to gauge the level of human development for countries where data is available.

Developing countries are in general countries which have not achieved a significant degree of industrialization relative to their populations, and which have a low standard of living. There is a strong correlation between low income and high population growth, both within and between countries.

http://en.wikipedia.org/wiki/Developing_country
A developed country is one that has a high income per capita. Countries with a very high Human Development Index (HDI) are generally considered developed countries. This usually coincides with countries that have a high gross domestic product (GDP) per capita; however, some countries have achieved a (usually temporarily) high GDP through natural resource exploitation (e.g., Nauru through phosphate extraction and Equatorial Guinea) without developing the diverse industrial and service-based economy necessary for "developed" status — similarly, the Bahamas, Barbados, Antigua and Barbuda, and Saint Kitts and Nevis depend overwhelmingly on the tourist industry.

Despite their high per capita GDP, the GCC countries in the Middle East, Brunei and Trinidad and Tobago are generally not considered developed countries because their economies depend overwhelmingly on oil production and export; in many cases (notably Saudi Arabia), per capita GDP is also skewed by an unequal distribution of wealth. Some of these countries,especially Bahrain, and Trinidad & Tobago have begun to diversify their economies.

Synonyms include industrialised countries, more economically developed countries (MEDC) and the First World. Other terms sometimes used to describe the developed/developing country dichotomy are First World/Third World (the term Second World refers to communist states during and since the Cold War); North/South; and industrialised countries/non-industrialised countries. The term Western countries has a similar meaning, but its connotations restrict its usage, especially in Asia Pacific.

http://en.wikipedia.org/wiki/Developed_country

Answer 2

GDP per capita is the main indicator that's used to detemine the rank of a country on the "development scale" by most government and international organizations, but it's corrected with the purchasing power parity method, as you can't buy the same things with one dollar in NYC or in Cairo.
The UNPD developped a synthetic indicator called Human Development Index that includes adjusted GDP, life expectancy and literacy rates.

Answer 3

Based on what the country has in terms of wealth and natural ground possession. Based on the laws and rules in place and for how long the boundries have been in existance. Put some age on it and you have a developed country to be reasoned with by population of your people. You just put up your lemon aid stand tomorrow and you are a developing one

Answer 4

There are many economic indicators to distinguish between countries as a developed and developing one.But there are MAIN ECONOMIC INDICATORS which include GDP and their expenditures,Labour indicators,Finance indicators,Consumer tendency surveys,Balance of payments,International trade,Foreign finance,Prices(inflation),Production and sales.The data is gathered by OECD(Organisation for Economic Cooperation and Development) and interpreted and illustrated by statistical graphs,charts,tables etc. In conclusion,as mentioned above, the basis is those indicators which are also used as a base for comparison between countries.By the way,it was a great question.Thanks for the challenge.

Answer 5

Depends on whom you ask. The World Bank, for example, stopped using this classification altogether and classifies countries into four income groups instead. The current classification is according to 2005 gross national income per capita, calculated using the World Bank Atlas method. The groups are: low income, $875 or less; lower middle income, $876 - $3,465; upper middle income, $3,466 - $10,725; and high income, $10,726 or more.

Answer 6

Per Capita measures of national income e.g. Gross Domestic Product, Gross National Product.
Infrastructural development, developmemt of social systems, and the development of the industries therein.

Answer 7

On the basis of how many eco-systems and countries it has swallowed before it became developed.

Answer 8

Regardless, there is no "set" boundary. It is like someone saying "Damn, it is hot out here", or "cold" out here. Or someone saying "****, he's driving (Fast/Slow).", etc.
Developed/Developing is subjective.

That pointed out, it isn't a tough distinction. Nations where 90% of the population live in $1/day compared to Minnesota is not a tough distinction.

Nations that cannot support themselves through legal means are typically considered "developing."

Answer 9

a developed country is one whose pollution level is obscene, and a developing country is one that takes an example from a developed country, thinks expensive things will make the people happy, and is on its way to an obscene pollution level.

Answer 10

hey.... a developed country is the one which is having all the facilities
well it can be classified into many ways it depends on which concern u r talkng
compare U.S.A. and INDIA
and u'll get the ans to ur ques all by urself
All The Best!!!!!!!!!!!