Development Levels of Countries

More Economically Developed Countries
1. Examples: USA, UK, Australia, Japan, Norway, etc.
  1. These countries have a high standard for living
    1. Correlations:High GDP/captia--> high life expectancy higher literacy rate= low fertility rate
Less Economically Developed Countries
1. Examples: Niger, India, Haiti, etc.
  1. They are at a low stage in development
    1. Correlations: Low GDP/captia= Low fertility rate
Centrally Planned Economy
1. Examples: North Korea, Russia
  1. Economy= controlled completely by the government
    1. Living standard are high but freedom of speech is limited
Oil Rich Countries
1. Examples: Saudi Arabia, Qatar, Libya, etc.
  1. Very rich but wealth not evenly distributed
    1. NO OIL= they will become LEDCs
New Industrialising Countries
1. Examples: South Korea, Taiwan, etc.
  1. experiencing rapid social and economic growth

Resource summary

	Created by dominique22 over 10 years ago