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Why do many countries with a high gross domestic product end up with human development index ratings lower than other developed nations with lower GDPs.?
Wiki User
∙ 8y ago
- the pursuit of weath affects HDI negatively
- it's very difficult for any people or goverment to achieve gains in all areas of life 3.it's difficult to balance spending on things that increase HDI while being an international GDP leader
APEX
Jana Kadamani
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What characteristics do developed nations share?
Developed countries have high levels of living standards. The characteristics they share are: a high GDP or gross domestic product per capita, industrialization and a very high Human Development Index or HDI rating.
How do know if a country is developed?
A developed country is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations. A lot of parameters are taken into account to evaluate the degree of development in a particular country. Countries with developed economy usually have high income per capita and a high Human Development Index (HDI). These countries also have high gross domestic product (GDP) per capita.
How did their status as colonies of European powers have an effect on the development of many less developed countries?
Countries that were colonized by European nations had the benefit of a military presence that less developed nations did not have access to. However, these same nations had to fight for independence from the colonizing nation to benefit from the resources that were previously taken away and sent to the homeland.
The US has the highest gross domestic product in the world However an unexpected consequence of this has been a lower than other developed nations?
A. Human Development Index ranking
What is the difference between developing nations and developed countries?
Developing nations are generally poorer and have more people making less then minimum wage. Developed countries are richer, have relief programs for the poor and less poverty. the income level of standard living
What characteristics do developed nations share?
Developed countries have high levels of living standards. The characteristics they share are: a high GDP or gross domestic product per capita, industrialization and a very high Human Development Index or HDI rating.
How many developed nations are there on earth?
Another way of putting it would be "Developed Countries". There is much debate about the criteria used to determined what countries are or have reached development. Some considered criteria would be Economic, GDP (gross domestic product), Industrialization and HDI (human development index).For more information:Please see related link below!
How do know if a country is developed?
A developed country is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations. A lot of parameters are taken into account to evaluate the degree of development in a particular country. Countries with developed economy usually have high income per capita and a high Human Development Index (HDI). These countries also have high gross domestic product (GDP) per capita.
How did their status as colonies of European powers have an effect on the development of many less developed countries?
Countries that were colonized by European nations had the benefit of a military presence that less developed nations did not have access to. However, these same nations had to fight for independence from the colonizing nation to benefit from the resources that were previously taken away and sent to the homeland.
The US has the highest gross domestic product in the world However an unexpected consequence of this has been a lower than other developed nations?
A. Human Development Index ranking
How is development defined?
Development is the process of improving people's lives through economic growth, social progress, and institutional advancement. It encompasses various aspects such as increasing income levels, reducing poverty, enhancing education, improving healthcare, and promoting sustainable environmental practices. Additionally, development also involves addressing inequality, promoting human rights, and empowering marginalized communities.
What are the industries in developed and developing countries?
Actually industries in developed and under -developed nations are beginning to look similar. This revolves around the fact that all nations recognize the value in developing high technology industries. The difference here, however, is that the developed nations have their own home grown high technology companies and underdeveloped nations are bringing in high technology companies from developed nations to help them by forming technology industries. This involves software development and Internet based industries.
What is the largest differeance between developed and developing countries?
The largest difference between a developed and developing country is the value of productive economic activity as expressed in its standard of living. A key to modern development is the use of technology by the people. A developed country has more advanced technology. One needs to examine the Standard of Living to determine whether a country is developed or developing. This would be determined by looking at the Life Expectancy, Literacy Rate, and Gross Domestic Product per capita. The United Nations has created a statistic called the Human Development Index (HDI) which indicates a country's level of development.
What countries are destroying the ozone layer?
Many countries are destroying the ozone. The developed nations are on top.
Is Belize a developing county a developed or undeveloped county?
Belize is a developed country. Countries are described as developed countries when they have a developed economy, and an advanced technological infrastructure when compared to other developing nations.
What are some developed countries in Europe?
All countries in Europe are considered developed. The most developed of these nations, however, include Norway, the Netherlands, Ireland, Germany, and Sweden.
What is one way that underdeveloped nations can increase growth in Gross Domestic Product?
Studies conducted by economists at the Federal Reserve Bank of New York indicate that under developed nations can benefit and increase their GDP by importing high technology products from developed nations. As a whole, trade between less developed nations and underdeveloped ones, have resulted in economic benefits for less developed nations.
