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Encyclopedia > Developed country
World map indicating Human Development Index (as of 2004). Countries colored darker shades of green exhibit higher human development and are generally recognised as developed countries.
World map indicating Human Development Index (as of 2004). Countries colored darker shades of green exhibit higher human development and are generally recognised as developed countries.
Map of countries by GDP (PPP) per capita for the year 2006. Source: IMF (April 2007)
Map of countries by GDP (PPP) per capita for the year 2006. Source: IMF (April 2007)

The term developed country, or advanced country, is used to categorize countries with developed economies in which the tertiary and quaternary sectors of industry dominate. Image File history File links Download high-resolution version (1350x625, 20 KB) UN Human Development Index (HDI) for 2004, derived from 2006 UN HDI report. ... Image File history File links Download high-resolution version (1350x625, 20 KB) UN Human Development Index (HDI) for 2004, derived from 2006 UN HDI report. ... Image File history File links Size of this preview: 800 × 421 pixelsFull resolution (1357 × 714 pixel, file size: 55 KB, MIME type: image/png) I, the creator of this work, hereby release it into the public domain. ... Image File history File links Size of this preview: 800 × 421 pixelsFull resolution (1357 × 714 pixel, file size: 55 KB, MIME type: image/png) I, the creator of this work, hereby release it into the public domain. ... The tertiary sector of industry (also known as the service sector or the service industry) is one of the three main industrial categories of a developed economy, the others being the secondary industry (manufacturing), and primary industry (extraction such as mining, agriculture and fishing). ... This box:  • • The Quaternary sector of industry is the sector of industry that involves the intellectual services. ...


This level of economic development usually translates into a high income per capita and a high Human Development Index (HDI). Countries with high gross domestic product (GDP) per capita often fit the above description of a developed economy. However, anomalies exist when determining "developed" status by the factor GDP per capita alone. This article is about GDP in the context of economics. ...

Contents

Synonyms

Modern terms synonymous with the term developed/advanced country include industrialized countries, more developed countries (MDC) more economically developed countries(MEDC), advanced country or post-industrial country. The term industrialized country may be somewhat ambigious, as industrialization is an ongoing process that is hard to define. The term MEDC is one used by modern geographers to specifically describe the status of the countries referred to: more economically developed. The first industrialised country was England, followed by Germany, France, the remainder of the United Kingdom and other Western European countries. According to economists such as Jeffrey Sachs, however, the current divide between the developed and developing world is largely a phenomenon of the 20th century.[1] For other uses, see England (disambiguation). ... A current understanding of Western Europe. ... Alan Greenspan, former chairman, United States Federal Reserve. ... Jeffrey Sachs Jeffrey David Sachs (born November 5, 1954 in Detroit, Michigan) is an American economist known for his work as an economic advisor to governments in Latin America, Eastern Europe, the former Soviet Union, Asia, and Africa. ...


Definition

In common practice, Japan in Asia, Canada and the United States in North America, Australia and New Zealand in Oceania, and Western Europe are considered "developed" regions or areas. In international trade statistics, Israel is also treated as a developed country; and countries of eastern Europe and the former Soviet Union (U.S.S.R.) countries in Europe are not included under either developed or developing regions. A more comprehensive group of "developed countries" also covers the East Asian Tigers (Hong Kong, Singapore, South Korea and Taiwan). Hong Kong has long been considered developed by the IMF. Although Hong Kong was handed over to the PRC (a developing country) the two are still considered internationally as separate economic entities (Hong Kong has its own currency and custom controls). A current understanding of Western Europe. ... CCCP redirects here. ... Map of East Asian Tigers  Hong Kong  Singapore South Korea  Taiwan, Republic of China Skyline of Hong Kong Island, taken from Tsim Sha Tsui, Kowloon, Hong Kong The skyline of Singapores Central Business District (CBD) seen here at dusk Taipei is Taiwans largest city and financial center. ... The flag of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is the international organization entrusted with overseeing the global financial system by monitoring foreign exchange rates and balance of payments, as well as offering technical and financial assistance when asked. ... For the Chinese civilization, see China. ...  High human development Medium human development Low human development Unavailable (colour-blind compliant map)   Developing countries not listed as least developed countries or as newly industrialized countries, in their respective articles. ... ISO 4217 Code HKD User(s) Hong Kong Inflation 2. ...


High income countries

Main article: High income country
     High income      Upper-middle income      Lower-middle income      Low income
     High income      Upper-middle income      Lower-middle income      Low income

"High income countries" are defined by the World Bank as countries with a Gross National Income per capita of $11,116 or more.[2] According to the United Nations definition some high income countries may also be developing countries. Thus, a high income country may be classified as either developed or developing.[3]  High income  Upper-middle income  Lower-middle income  Low income A High income country is defined by the World Bank as a country with a Gross National Income per capita of $11,116 or more. ... Image File history File links Size of this preview: 800 × 352 pixelsFull resolution (1427 × 628 pixel, file size: 35 KB, MIME type: image/png) File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Image File history File links Size of this preview: 800 × 352 pixelsFull resolution (1427 × 628 pixel, file size: 35 KB, MIME type: image/png) File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... The World Bank logo The World Bank (the Bank) is a part of the World Bank Group (WBG), is a bank that makes loans to developing countries for development programs with the stated goal of reducing poverty. ...


When using GDP/cap to define "developed" status, one must take into account how some countries have achieved a (usually temporarily) high GDP/cap 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.[citation needed] Tourist redirects here. ...


Despite their high per capita GDP, the GCC countries in the Middle East, 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. ... A map showing countries commonly considered to be part of the Middle East The Middle East is a region comprising the lands around the southern and eastern parts of the Mediterranean Sea, a territory that extends from the eastern Mediterranean Sea to the Persian Gulf. ... Differences in national income equality around the world as measured by the national Gini coefficient. ...


Human Development Index

The UN HDI is a statistical measure that gauges a country's level of human development. While there is a strong correlation between having a high HDI score and a prosperous economy, the UN points out that the HDI accounts for more than income or productivity. Unlike GDP per capita or per capita income, the HDI takes into account how income is turned "into education and health opportunities and therefore into higher levels of human development." A few examples are Italy and the United States. Despite a relatively large difference in GDP per capita, both countries rank roughly equal in term of overall human development[4]. Since 1980, Norway (2001-present), Japan (1991 & 1993), Canada (1985, 1992, 1994-2000) and Switzerland, (1980) have had the highest HDI score. Countries with a score of over 0.800 are considered to have a "high" standard of human development. The top 30 countries have scores ranging from 0.885 in the Czech Republic to 0.965 in Norway. All countries included in the UN study on the IMF list had a high HDI. Several small countries, such as Andorra, Liechtenstein and Macau were not reviewed by the United Nations. Thus, these countries have not received an official HDI score[5]. Coloured world map indicating Human Development Index (2006) (colour-blind compliant map) This is a list of countries by Human Development Index as included in the United Nations Development Programmes Human Development Report 2006, compiled on the basis of 2004 data. ... World map indicating Human Development Index (2006). ...


All countries listed by IMF or[6] CIA as "advanced" (as of 2007) - possess an HDI over 0.9 (as of 2004). All countries[7] possessing an HDI of 0.9 and over (as of 2004) - are also listed by IMF or CIA as "advanced" (as of 2007). Thus, all "advanced economies" (as of 2007) are characterized by an HDI score of 0.9 or higher (as of 2004).


Lists of prosperous economies

While there is no official guideline for which country may or may not be considered developed, different institutions have created certain categories for the economically most prosperous countries. The International Monetary Fund (IMF) identifies 31 "advanced economies," while the CIA identifies 34 advanced economies. The World Bank identifies 60 "high income countries," which are classified either as developed or developing by the UN. The criteria used to create these lists differ across these organizations as does the placement of certain countries. The Economist Intelligence Unit has crafted a list of the thirty countries with the highest quality of life. IMF redirects here. ... The World Bank logo The World Bank (the Bank) is a part of the World Bank Group (WBG), is a bank that makes loans to developing countries for development programs with the stated goal of reducing poverty. ... This entity, also known as EIU is part of The Economist Group. ...


CIA developed country list

The CIA classifies 34 economic entities as "developed countries (DCs):"[8]

the top group in the hierarchy of developed countries (DCs), former USSR/Eastern Europe (former USSR/EE), and less developed countries (LDCs); includes the market-oriented economies of the mainly democratic nations in the Organization for Economic Cooperation and Development (OECD), Bermuda, Israel, South Africa, and the European ministates; also known as the First World, high-income countries, the North, industrial countries - CIA, 2007

Flag of Andorra Andorra Flag of the Faroe Islands Faroe Islands Flag of Ireland Ireland Flag of Monaco Monaco Flag of Spain Spain
Flag of Australia Australia Flag of Finland Finland Flag of Israel Israel Flag of the Netherlands Netherlands Flag of Sweden Sweden
Flag of Austria Austria Flag of France France Flag of Italy Italy Flag of New Zealand New Zealand Flag of Switzerland Switzerland
Flag of Belgium Belgium Flag of Germany Germany Flag of Japan Japan Flag of Norway Norway Flag of Turkey Turkey
Flag of Bermuda Bermuda Flag of Greece Greece Flag of Liechtenstein Liechtenstein Flag of Portugal Portugal Flag of the United Kingdom United Kingdom
Flag of Canada Canada  Holy See Flag of Luxembourg Luxembourg Flag of San Marino San Marino Flag of the United States United States
Flag of Denmark Denmark Flag of Iceland Iceland Flag of Malta Malta Flag of South Africa South Africa

Image File history File links Flag_of_Andorra. ... Image File history File links Flag_of_the_Faroe_Islands. ... Image File history File links Flag_of_Ireland. ... Image File history File links Flag_of_Monaco. ... Image File history File links Flag_of_Spain. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Finland. ... Image File history File links Flag_of_Israel. ... Image File history File links Flag_of_the_Netherlands. ... Image File history File links Flag_of_Sweden. ... Image File history File links Flag_of_Austria. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Italy. ... Image File history File links Flag_of_New_Zealand. ... Image File history File links Flag_of_Switzerland. ... Image File history File links Flag_of_Belgium_(civil). ... Image File history File links Flag_of_Germany. ... Image File history File links Flag_of_Japan. ... Image File history File links Flag_of_Norway. ... Image File history File links Flag_of_Turkey. ... Image File history File links Flag_of_Bermuda. ... Image File history File links Flag_of_Greece. ... Image File history File links Flag_of_Liechtenstein. ... Image File history File links Flag_of_Portugal. ... Image File history File links Flag_of_the_United_Kingdom. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Coa_Vatican. ... Image File history File links Flag_of_Luxembourg. ... Image File history File links Flag_of_San_Marino. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Denmark. ... Image File history File links Flag_of_Iceland. ... Image File history File links Flag_of_Malta. ... Image File history File links Flag_of_South_Africa. ...

CIA advanced economy list

The official classification of "advanced countries" is originally made by the IMF. The CIA intends to follow the IMF but adds also the non-IMF members. Thus, until March 2001 - the CIA list had been more comprehensive than the IMF list. Since 2001, however, Cyprus, and more recently Slovenia, were added to the IMF yet not to the CIA advanced economy list. Below is the current CIA advanced country list, consisting of 35 countries:

Flag of Andorra Andorra Flag of the Faroe Islands Faroe Islands Flag of Iceland Iceland Flag of Monaco Monaco Flag of South Korea South Korea
Flag of Australia Australia Flag of Finland Finland Flag of Ireland Ireland Flag of the Netherlands Netherlands Flag of Spain Spain
Flag of Austria Austria Flag of France France Flag of Israel Israel Flag of New Zealand New Zealand Flag of Sweden Sweden
Flag of Belgium Belgium Flag of Germany Germany Flag of Italy Italy Flag of Norway Norway Flag of Switzerland Switzerland
Flag of Bermuda Bermuda Flag of Greece Greece Flag of Japan Japan Flag of Portugal Portugal Flag of the Republic of China Taiwan
Flag of Canada Canada  Holy See Flag of Liechtenstein Liechtenstein Flag of San Marino San Marino Flag of the United Kingdom United Kingdom
Flag of Denmark Denmark Flag of Hong Kong Hong Kong Flag of Luxembourg Luxembourg Flag of Singapore Singapore Flag of the United States United States

Image File history File links Flag_of_Andorra. ... Image File history File links Flag_of_the_Faroe_Islands. ... Image File history File links Flag_of_Iceland. ... Image File history File links Flag_of_Monaco. ... Image File history File links Flag_of_South_Korea. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Finland. ... Image File history File links Flag_of_Ireland. ... Image File history File links Flag_of_the_Netherlands. ... Image File history File links Flag_of_Spain. ... Image File history File links Flag_of_Austria. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Israel. ... Image File history File links Flag_of_New_Zealand. ... Image File history File links Flag_of_Sweden. ... Image File history File links Flag_of_Belgium_(civil). ... Image File history File links Flag_of_Germany. ... Image File history File links Flag_of_Italy. ... Image File history File links Flag_of_Norway. ... Image File history File links Flag_of_Switzerland. ... Image File history File links Flag_of_Bermuda. ... Image File history File links Flag_of_Greece. ... Image File history File links Flag_of_Japan. ... Image File history File links Flag_of_Portugal. ... Image File history File links Flag_of_the_Republic_of_China. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Coa_Vatican. ... Image File history File links Flag_of_Liechtenstein. ... Image File history File links Flag_of_San_Marino. ... Image File history File links Flag_of_the_United_Kingdom. ... Image File history File links Flag_of_Denmark. ... Image File history File links Flag_of_Hong_Kong. ... Image File history File links Flag_of_Luxembourg. ... Image File history File links Flag_of_Singapore. ... Image File history File links This is a lossless scalable vector image. ...

IMF advanced economy list

     Countries described as advanced economies by the IMF
     Countries described as advanced economies by the IMF

According to the International Monetary Fund the following 31 countries are classified as "advanced economies:"[9] Image File history File links Download high resolution version (1357x628, 45 KB) Summary Map of the first world in modern usage Licensing Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1. ... Image File history File links Download high resolution version (1357x628, 45 KB) Summary Map of the first world in modern usage Licensing Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1. ...

Flag of Australia Australia Flag of Iceland Iceland Flag of San Marino San Marino
Flag of Austria Austria Flag of Ireland Ireland Flag of Singapore Singapore
Flag of Belgium Belgium Flag of Israel Israel Flag of Slovenia Slovenia
Flag of Canada Canada Flag of Italy Italy Flag of South Korea South Korea
Flag of Cyprus Cyprus Flag of Japan Japan Flag of Spain Spain
Flag of Denmark Denmark Flag of Luxembourg Luxembourg Flag of Sweden Sweden
Flag of Finland Finland Flag of the Netherlands Netherlands Flag of Switzerland Switzerland
Flag of France France Flag of New Zealand New Zealand Flag of the Republic of China Taiwan
Flag of Germany Germany Flag of Norway Norway Flag of the United Kingdom United Kingdom
Flag of Greece Greece Flag of Portugal Portugal Flag of the United States United States
Flag of Hong Kong Hong Kong

Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Iceland. ... Image File history File links Flag_of_San_Marino. ... Image File history File links Flag_of_Austria. ... Image File history File links Flag_of_Ireland. ... Image File history File links Flag_of_Singapore. ... Image File history File links Flag_of_Belgium_(civil). ... Image File history File links Flag_of_Israel. ... Image File history File links Flag_of_Slovenia. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Italy. ... Image File history File links Flag_of_South_Korea. ... Image File history File links Flag_of_Cyprus. ... Image File history File links Flag_of_Japan. ... Image File history File links Flag_of_Spain. ... Image File history File links Flag_of_Denmark. ... Image File history File links Flag_of_Luxembourg. ... Image File history File links Flag_of_Sweden. ... Image File history File links Flag_of_Finland. ... Image File history File links Flag_of_the_Netherlands. ... Image File history File links Flag_of_Switzerland. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_New_Zealand. ... Image File history File links Flag_of_the_Republic_of_China. ... Image File history File links Flag_of_Germany. ... Image File history File links Flag_of_Norway. ... Image File history File links Flag_of_the_United_Kingdom. ... Image File history File links Flag_of_Greece. ... Image File history File links Flag_of_Portugal. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Hong_Kong. ...

Quality-of-life Survey

Another relative research about standard of living by Economist Intelligence Unit or EIU Quality-of-life Survey refers the top thirty countries with the best quality of life (in ranking order): The standard of living refers to the quality and quantity of goods and services available to people and the way these services and goods are distributed within a population. ... This entity, also known as EIU is part of The Economist Group. ...

  1. Flag of Ireland Ireland
  2. Flag of Switzerland Switzerland
  3. Flag of Norway Norway
  4. Flag of Luxembourg Luxembourg
  5. Flag of Sweden Sweden
  6. Flag of Australia Australia
  1. Flag of Iceland Iceland
  2. Flag of Italy Italy
  3. Flag of Denmark Denmark
  4. Flag of Spain Spain
  5. Flag of Singapore Singapore
  6. Flag of Finland Finland
  1. Flag of the United States United States
  2. Flag of Canada Canada
  3. Flag of New Zealand New Zealand
  4. Flag of the Netherlands Netherlands
  5. Flag of Japan Japan
  6. Flag of Hong Kong Hong Kong
  1. Flag of Portugal Portugal
  2. Flag of Austria Austria
  3. Flag of the Republic of China Taiwan
  4. Flag of Greece Greece
  5. Flag of Cyprus Cyprus
  6. Flag of Belgium Belgium
  1. Flag of France France
  2. Flag of Germany Germany
  3. Flag of Slovenia Slovenia
  4. Flag of Malta Malta
  5. Flag of the United Kingdom United Kingdom
  6. Flag of South Korea South Korea

Image File history File links Flag_of_Ireland. ... Image File history File links Flag_of_Switzerland. ... Image File history File links Flag_of_Norway. ... Image File history File links Flag_of_Luxembourg. ... Image File history File links Flag_of_Sweden. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Iceland. ... Image File history File links Flag_of_Italy. ... Image File history File links Flag_of_Denmark. ... Image File history File links Flag_of_Spain. ... Image File history File links Flag_of_Singapore. ... Image File history File links Flag_of_Finland. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_New_Zealand. ... Image File history File links Flag_of_the_Netherlands. ... Image File history File links Flag_of_Japan. ... Image File history File links Flag_of_Hong_Kong. ... Image File history File links Flag_of_Portugal. ... Image File history File links Flag_of_Austria. ... Image File history File links Flag_of_the_Republic_of_China. ... Image File history File links Flag_of_Greece. ... Image File history File links Flag_of_Cyprus. ... Image File history File links Flag_of_Belgium_(civil). ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Germany. ... Image File history File links Flag_of_Slovenia. ... Image File history File links Flag_of_Malta. ... Image File history File links Flag_of_the_United_Kingdom. ... Image File history File links Flag_of_South_Korea. ...

References

  1. ^ Sachs, Jeffrey (2005). The End of Poverty. The Penguin Press. 1-59420-045-9. 
  2. ^ World Bank. (2007). Data & Statistics: Country Groups. Retrieved on 2007-06-20.
  3. ^ UN. (2005). UNCTAD Handbook of Statistics.. Retrieved on 2007-07-09.
  4. ^ UN. (2006). Human Development Report.. Retrieved on 2007-07-07.
  5. ^ UN. (2006). Human Development Report: Summary.. Retrieved on 2007-07-07.
  6. ^ The official classification of "advanced countries" is originally made by the International Monetary Fund (IMF). The IMF list doesn't deal with non-IMF memebrs. The Central Intelligence Agency (CIA) intends to follow IMF list but adds few countries which aren't dealt with by IMF due to their not being IMF members. By May 2001, the advanced country list of the CIA was more comprehensive than the original IMF list; However, since May 2001 - two additional countries (Cyprus and Slovenia) have been added to the original IMF list, thus leaving the CIA list not updated.
  7. ^ Namely sovereign states, i.e. excluding Macau (being under China's sovereignty): In 2003 the government of Macau calculated its HDI as being 0.909 (the UN does not calculate Macau's HDI); In January 2007, the People's Daily reported (from China Modernization Report 2007): "In 2004...Macau...had reached the level of developed countries". However, Macau is not recognized by any international organisation as a developed/advanced territory, while the UNCTAD organisaion (of the UN), as well as the CIA, classify Macao as a "developing" territory. Anyway, The World Bank classifies Macau as a high income economy (along with developed economies as well as with few developing economies).
  8. ^ CIA. (19 June, 2007). International Organizations and Groups. World Factbook.. Retrieved on 2007-07-07.
  9. ^ IMF. (April 2007). World Economic Outlook.. Retrieved on 2007-07-06.

The End of Poverty: Economic Possibilities for Our Time (ISBN 1-59420-045-9) is a 2005 book by American economist Jeffrey Sachs, with a foreword by U2 frontman and humanitarian Bono. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 171st day of the year (172nd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 190th day of the year (191st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 188th day of the year (189th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 188th day of the year (189th in leap years) in the Gregorian calendar. ... IMF redirects here. ... “CIA” redirects here. ... This article is about the United Nations, for other uses of UN see UN (disambiguation) Official languages English, French, Spanish, Russian, Chinese, Arabic Secretary-General Kofi Annan (since 1997) Established October 24, 1945 Member states 191 Headquarters New York City, NY, USA Official site http://www. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 188th day of the year (189th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 187th day of the year (188th in leap years) in the Gregorian calendar. ...

External links

See also


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