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What makes a country a developed country?

A developed country is a sovereign state with high industrial and Human Development Index compared to other countries. It must also have a technologically advanced infrastructure, and its economy must be highly developed. It is also referred to as industrialized country or more developed country.

What are developed countries?

Developed countries are also known as First World countries, industrialized nations, advanced economies, and more economically advanced countries. Source for information on Developed Countries: Everyday Finance: Economics, Personal Money Management, and Entrepreneurship dictionary.

Is development a 'developed' or 'developing' country?

The designations "developed" and "developing" are intended for statistical convenience and do not necessarily express a judgement about the stage reached by a particular country or area in the development process. Nevertheless, the United Nations Conference on Trade and Development considers that this categorization can continue to be applied:

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