1. Warm Up
Take out a piece of paper and answer the following question: List 5 economic and social characteristics of a developed nation and 5 of a non-developed nation

2. Tuesday, October 13, 2015
Objective: Students will be able to analyze the different levels of global development.
Importance: The development of a nation’s society has a major impact on how it makes economic decisions.

3. Levels of Development
Developed Nation: a nation with a relatively high average level of material well-being
Less Developed Nation: a nation with a relatively low average level of material well-being
Newly Industrialized Country: a less developed country that has made great progress toward developing its economy

4. Indicators of Development
GDP per Capita
Energy usage
Types of workers
Literacy rate
Life expectancy
Infant mortality rate

7. Indicators of Developed Nations
Populations of developed nations are generally healthy, with low infant mortality rates and high life expectancy
High literacy rates and advanced education achievement levels
Industrial and technological economic focus
High amount of consumer goods are purchased
Urban and high quality infrastructure

8. Indicators of Less-Developed Nations
Agriculturally-based economies
High unemployment
Low literacy rates
Poor quality housing and infrastructure
High infant mortality rates and short life expectancy