DEVELOPING COUNTRIES VS DEVELOPED COUNTRIES

What Do You Think?  What do you think it means to be a developing country?  What do think it means to be a developed country?

Section 2: World Economic Activity  Global Trade Patterns  Not all nations have the same resources  Exports – what nations bring in  Imports – what nations send out  Trade Balance Balance between exports and imports National Debt Taxes on imports and quotas  Trade Routes Geography, technology, international relations Electronic Transactions

 Lack of Development  Gross Domestic Product (GDP)  1 st World vs. 3 rd World Countries  Standard of living

Developing Country  Developing Country :  Usually refers to countries with low levels of ECONOMIC DEVELOPMENT  Developing countries do not have a level of industry that will support their populations and have a low standard of living. They almost always have low incomes yet high populations Little industry, low standard of living, and low income -BUT- High population

Determining Development  To determine a country’s development, these statistics are usually considered by the United Nations 1. GDP (Gross Domestic Product) 2. Life Expectancy 3. Literacy Rate 4. Education 5. Healthcare System United Nations (UN) is an international organization whose stated aims are to facilitate cooperation in international law, international security, economic development, social progress and human rights issues. (Wikipedia) international organization international lawinternational securityeconomic developmentsocial progresshuman rightsinternational organization international lawinternational securityeconomic developmentsocial progresshuman rights

GDP  GDP  Is the market value of all final goods and services produced within a country in a given period of time Consumption + investment + government spending + (exports-imports) Per Capita

Life Expectancy  Is the average age a person usually lives. (Infant mortality rate)

Literacy Rate  The ability to read, write, listen, and speak a language at a level adequate for communication.

Education  The availability of education for everyone and higher education

Healthcare System  The Prevention, treatment, and management of illnesses

Subsistence Farming  An area that produces only enough food to feed the family and or the people working it. It is a very hard way of living.

Commercial Farming  An area that produces enough food to help feed the masses. Farming for profit.

Rural  Sometimes referred to as “the country” which are less populated areas that are found outside of a city and keep away from the influence of large cities. Also called the wilderness, outback, farms, isolated areas etc.

Urban  Living in a larger populated area with industry