2007-08-05 06:56:27 · 7 answers · asked by ultimatechamp_1 1 in Social Science ➔ Economics
The general idea that development is directly proportional to GDP or economic power need not be the REAL yardstick for a nation's DEVELOPMENT. KUWAIT, for example, has high GDP, but cannot be considered developed. Let us take two examples: INDIA and Zambia. Whereas India's per capita GNI (as per World Bank) is about US $450, that of Zambia is US $500. Both countries are categorized under DEVELOPING COUNTRIES. Let us compare a few so-called Development Yardsticks:
Per capita (India) = US $450; Zambia = US $500
Poverty (India) = 29%; Zambia - not known
Literacy (India) = 61%; Zambia = 68%
Per capita Power (india) = 402 KWh; Zambia = 582 KWh
Time to start business (india) = 71 days; Zambia = 35 days
Now, if we were to look at these indicators, India is a shade less developed than Zambia! But, India is one of the countries aiding Zambia!!! Does this last point make us a Developed Nation? For example, although India has about 300 million people who do not have water/ food/ home/ income, we also have the latest technological advances in Atomic Power, Telecommunications, Military, and other related specialties. Yet we are POOR in the yardsticks of World Bank, which is TRUE and factual.
In general, we may note the following indicators as having Proportional/ Direct bearing on the development state of a nation:
Per capita GNI
Poverty percentage
Infant mortality
Life expectancy
Literacy
Immunity against diseases
School enrollment
University education
Water and Sanitation
Roads/ Railway/ Transport
Telephone/ TV/ Internet
Time for building own home
Investment climate
...etc
In countries where these indicators are of HIGH levels, we may observe them to be DEVELOPED
2007-08-05 18:51:59 · answer #1 · answered by pvhramani 2 · 0⤊ 0⤋
There is no "official" definition. Moreover, the moniker "developed" is not used in professional discourse. The World Bank, for example, divides countries into groups according to GNI per capita. For 2006, the countries were classified as follows: low income, $905 or less; lower middle income, $906 - $3,595; upper middle income, $3,596 - $11,115; and high income, $11,116 or more.
2007-08-05 17:22:56 · answer #2 · answered by NC 7 · 2⤊ 0⤋
'Developed' is sometimes merely an economic indicator (so it would measure GDP), and sometimes it takes into consideration more factors such as literacy, as in the case of the UN Human Development Index.
2007-08-05 16:06:32 · answer #3 · answered by alexia 2 · 1⤊ 0⤋
Attaining complete Literacy- Economic Growth rate - Complete eradication of poverty and poor
www.ined.fr/en/pop_figures/developed_countries - 25k
read this above link
2007-08-06 08:13:43 · answer #4 · answered by Rama Krishna 5 · 0⤊ 0⤋
when they start extending aid to under-developed countries.
2007-08-07 04:04:20 · answer #5 · answered by sristi 5 · 0⤊ 0⤋
poverty level low
education level high
military superpower
growth every year
low corruption
hitech
2007-08-05 14:31:31 · answer #6 · answered by Mumbaite 3 · 1⤊ 0⤋
lots of mcdonalds and kfc
2007-08-05 16:06:34 · answer #7 · answered by Anonymous · 2⤊ 0⤋