Francisci WG8 Developed vs Developing Countries Indicators of Economic Development Developed Countries Developing Countries 1 Availability of natural resources Examples water oil ID: 714161
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Slide1
Developed vs. Developing Countries
Francisci WG.8Slide2
Developed vs. Developing Countries
Indicators of Economic Development
Developed Countries
Developing Countries1. Availability of natural resources (Examples: water,
oil
, natural gas)
High access to natural resources such as water, oil and natural gas.Little access to natural resources such as water, oil and natural gas.Slide3
Developed vs. Developing Countries
Indicators of Economic Development
Developed Countries
Developing Countries2. Access to capital resources (Examples: technology,
internet
, investments, infrastructure)
Technology is advanced and the infrastructure is also strong and supports the country well.Technology is limited, infrastructure is weak in areas or entirely (Examples: dirt or no roads, polluted water, lack of hospitals, food and
trash disposal).Slide4
Developed vs. Developing Countries
Indicators of Economic Development
Developed Countries
Developing Countries3. Human resources (labor or
workers
)
Well-educated and highly skilled workers.Poorly trained, low skilled workers.Slide5
Developed vs. Developing Countries
Indicators of Economic Development
Developed Countries
Developing Countries4. Levels of Economic development
(Examples: GDP –
income
of a country for a year, Per Capita Income – average income per person for a year.GDP very high, Per Capita income is often $20,000 or higher.GDP is very low, Per Capita Income is often
$5,000 or less.Slide6
Developed vs. Developing Countries
Indicators of Economic Development
Developed Countries
Developing Countries5. Urban/Rural
ratio
(Population distribution)
Large numbers of people often live in urban areas (cities).Large numbers of people live in rural areas (country). Many people migrate to cities for better quality of life and live on the outskirts of cities in shantytowns (very poor).Slide7
Developed vs. Developing Countries
Indicators of Economic Development
Developed Countries
Developing Countries6. Labor force characteristics: (Examples: Primary Sector –
gathering
natural resources, Secondary Sector - manufacturing or assembly, Tertiary Sector –
service industry) Primary Sector – small part of economySecondary Sector – more of economyTertiary Sector – makes up larges
t part of economy.Primary Sector – largest part of economy
Secondary Sector – small percentage of economyTertiary Sector – very few tertiary activitiesSlide8
Developed vs. Developing Countries
Indicators of Economic Development
Developed Countries
Developing Countries7. Educational achievement
Most of the population has high school
diploma
and many college degrees.Majority of the population has little opportunity of education beyond eighth grade.