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Developing country

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  Emerging and developing economies (least developed)
Classifications by the IMF and the UN
Newly industrialized countries as of 2007

A developing country is a country that has low standards of democratic governments, civil service, industrialization, social programs, and/or human rights guarantees that are yet to "develop" to those met in the West [citation needed] or alternative goals of material progress[citation needed] (not necessarily a clone of those of the West). It is often[when?] a term used to describe a nation with a low level of material well being. Despite this definition,[clarification needed] the levels of development may vary, with some developing countries having higher average standards of living.[1]

Countries with more advanced economies than other developing nations, but which have not yet fully demonstrated the signs of a developed country, are grouped under the term newly industrialized countries.[2][3][4][5]

Definition

Kofi Annan, former Secretrary General of the United Nations, defined a developed country as follows. "A developed country is one that allows all its citizens to enjoy a free and healthy life in a safe environment."[6] But according to the United Nations Statistics Division,

There is no established convention for the designation of "developed" and "developing" countries or areas in the United Nations system.[7]

And it notes that

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.[8]

The UN also notes

In common practice, Japan in Asia, Canada and the United States in northern America, Australia and New Zealand in Oceania, and Europe are considered "developed" regions or areas. In international trade statistics, the Southern African Customs Union is also treated as a developed region and Israel as a developed country; countries emerging from the former Yugoslavia are treated as developing countries; and countries of eastern Europe and of the Commonwealth of Independent States (code 172) in Europe are not included under either developed or developing regions.[9]

According to the classification from IMF before April 2004, all the countries of Eastern Europe (including Central European countries which still belongs to "Eastern Europe Group" in the UN institutions) as well as the former Soviet Union (U.S.S.R.) countries in Central Asia (Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan and Turkmenistan) and Mongolia, were not included under either developed or developing regions, but rather were referred to as "countries in transition"; however they are now widely regarded (in the international reports) as "developing countries". In the 21st century, the original East Asian Tiger[10] countries (Hong Kong,[10][11] Singapore,[10][11] South Korea,[10][11][12][13] and the Taiwan[10][11]) are considered "developed" region or areas, along with Cyprus,[11] Israel,[11] Malta,[11] and Slovenia,[11] are considered "newly developed countries".

Measure and concept of development

The development of a country is measured with statistical indexes such as income per capita (per person) (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, in most cases a medium to low standard of living. There is a strong correlation between low income and high population growth.

The terms utilized when discussing developing countries refer to the intent and to the constructs of those who utilize these terms. Other terms sometimes used are less developed countries (LDCs), least economically developed countries (LEDCs), "underdeveloped nations" or Third World nations, and "non-industrialized nations". Conversely, the opposite end of the spectrum is termed developed countries, most economically developed countries (MEDCs), First World nations and "industrialized nations".

To moderate the euphemistic aspect of the word developing, international organizations have started to use the term Less economically developed country (LEDCs) for the poorest nations which can in no sense be regarded as developing. That is, LEDCs are the poorest subset of LDCs. This may moderate against a belief that the standard of living across the entire developing world is the same.

The concept of the developing nation is found, under one term or another, in numerous theoretical systems having diverse orientations — for example, theories of decolonization, liberation theology, Marxism, anti-imperialism, and political economy.

Limitations of the term 'developing country'

There is criticism of the use of the term ‘developing country’. The term implies inferiority of a 'developing country' compared to a 'developed country', which many such countries dislike. It assumes a desire to ‘develop’ along the traditional 'Western' model of economic development which many countries, such as Cuba, have chosen not to follow. Thus Cuba remains classed as 'developing' due to it's low gross national income but has better health outcomes (as measured by maternal and infant mortality) and better literacy rates than some states of the USA.[citation needed]

The term 'developing' implies mobility and does not acknowledge that development may be in decline or static in some countries, particularly those southern African states worst affected by HIV/AIDS. The term implies homogeny between such countries which vary wildly. And implies homogeny within such countries when wealth (and health) of the lowest and uppermost groups varies wildly.

List of emerging and developing economies

The following are considered emerging and developing economies according to the International Monetary Fund's World Economic Outlook Report, April 2009. [14]

Developing countries not listed by IMF

Typology and names of countries

Countries are often loosely placed into four categories of development. Each category includes the countries listed in their respective article. The term "developing nation" is not a label to assign a specific, similar type of problem.

  1. Newly industrialized countries (NICs) are nations with economies more advanced and developed than those in the developing world, but not yet with the full signs of a developed country.[2][3][4][5] NIC is a category between developed and developing countries. It includes Brazil, China, India, Malaysia, Mexico, Philippines, South Africa, Thailand and Turkey.
  2. Big Emerging Market (BEM) economies, a label with various meanings. Jeffrey Garten identified, Brazil, Argentina, Mexico, South Africa, Poland, Turkey, India, Indonesia, China, and South Korea as the Big 10 BEMs.
  3. Countries with long-term civil war or large-scale breakdown of rule of law ("failed states") (e.g. Afghanistan, Haiti, Somalia, Myanmar, Pakistan, Iraq, Zimbabwe) or non-development-oriented dictatorship (North Korea).
  4. Some developing countries have been classified as "Developed countries" such as South Africa, and Turkey by the CIA, and Antigua and Barbuda, The Bahamas, Bahrain, Barbados, Brunei, Estonia, Equatorial Guinea, Hungary, Kuwait, Oman, Qatar, Saudi Arabia, and Trinidad and Tobago by the World Bank.

See also

References

  1. ^ Sullivan, Arthur (2003). Economics: Principles in Action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. p. 471. ISBN 0-13-063085-3. {{cite book}}: Unknown parameter |coauthors= ignored (|author= suggested) (help)CS1 maint: location (link)
  2. ^ a b Paweł Bożyk (2006). "Newly Industrialized Countries". Globalization and the Transformation of Foreign Economic Policy. Ashgate Publishing, Ltd. ISBN 0-75-464638-6.
  3. ^ a b Mauro F. Guillén (2003). "Multinationals, Ideology, and Organized Labor". The Limits of Convergence. Princeton University Press. ISBN 0-69-111633-4.
  4. ^ a b Waugh, David (3rd edition 2000). "Manufacturing industries (chapter 19), World development (chapter 22)". Geography, An Integrated Approach. Nelson Thornes Ltd. pp. 563, 576–579, 633, and 640. ISBN 0-17-444706-X. {{cite book}}: Check date values in: |year= (help)CS1 maint: year (link)
  5. ^ a b Mankiw, N. Gregory (4th Edition 2007). Principles of Economics. ISBN 0-32-422472-9. {{cite book}}: Check date values in: |year= (help)CS1 maint: year (link)
  6. ^ http://www.unescap.org/unis/press/G_05_00.htm
  7. ^ "Composition of macro geographical (continental) regions, geographical sub-regions, and selected economic and other groupings (footnote C)". United Nations Statistics Division. revised 17 October 2008. Retrieved 2008-12-30. {{cite web}}: Check date values in: |date= (help)
  8. ^ http://unstats.un.org/unsd/methods/m49/m49.htm
  9. ^ "Composition of macro geographical (continental) regions, geographical sub-regions, and selected economic and other groupings (footnote C)". United Nations Statistics Division. revised 17 October 2008. Retrieved 2008-12-30. {{cite web}}: Check date values in: |date= (help)
  10. ^ a b c d e http://www.businesspme.com/uk/articles/economics/78/East-Asian-Tigers-.html
  11. ^ a b c d e f g h IMF Advanced Economies List. World Economic Outlook, Database—WEO Groups and Aggregates Information, April 2009.
  12. ^ http://travel.state.gov/travel/cis_pa_tw/cis/cis_1018.html
  13. ^ http://www.ft.com/cms/s/0/98c62f1c-850f-11dd-b148-0000779fd18c.html
  14. ^ IMF Emerging and Developing Economies List. World Economic Outlook Database, April 2009.
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