What are the featurs of developing countries?

Question

i need to write a final on the features of developing countries or what you can describe as a developing country? features should boarder on political, social and economic

Answer 1

A nation where the average income is much lower than in industrial nations, where the economy relies on a few export crops, and where farming is conducted by primitive methods. In many developing nations, rapid population growth threatens the supply of food. Developing nations have also been called underdeveloped nations. Most of them are in Africa, Asia, and Latin America.. A developing country is that country which has a relatively low overall standard of living, an undeveloped industrial base, and a moderate to low Human Development Index (HDI) score and per capita income, but is in a phase of economic development. Usually all countries which are neither a developed country nor a failed state are classified as developing countries, despite the above facts, this is not true for all countries as some developing countries are far more developed than some developed countries.

Countries with more advanced economies than other developing nations, but which have not yet fully demonstrated the signs of a developed country, are grouped under the term newly industrialized countries.[1][2][3][4] Other developing countries which have maintained sustained economic growth over the years and exhibit good economic potential are termed as emerging markets. The Big Emerging Market (BEM) economies are Argentina, Brazil, China, Egypt, India, Indonesia, Mexico, Poland, Russia, South Africa, South Korea and Turkey.[5][6] The application of the term developing country to any country which is not developed is inappropriate because a number of poor countries have experienced prolonged periods of economic decline. Such countries are classified as either least developed countries or failed states.

Development entails a modern infrastructure (both physical and institutional), and a move away from low value added sectors such as agriculture and natural resource extraction. Developed countries, in comparison, usually have economic systems based on continuous, self-sustaining economic growth in the tertiary and quaternary sectors and high standards of living.

Developing countries comprise a majority of the WTO membership. They are grouped as “developing countries” and “least developed countries”, in accordance with the criteria set out .

There are no WTO definitions of “developed” and “developing” countries. Members announce for themselves whether they are “developed” or “developing” countries. However, other members can challenge the decision of a member to make use of provisions available to developing countries.

Developing country status in the WTO brings certain rights. There are for example provisions in some WTO Agreements which provide developing countries with longer transition periods before they are required to fully implement the agreement and developing countries can receive technical assistance.

That a WTO member announces itself as a developing country does not automatically mean that it will benefit from the unilateral preference schemes of some of the developed country members such as the Generalized System of Preferences (GSP). In practice, it is the preference giving country which decides the list of developing countries that will benefit from the preferences. For more information about the GSP, see the United Nations Conference on Trade and Development (UNCTAD)’s website, (opens in a new window).

Newly industrialized countries or NICs, nations with economies more advanced and developed than those in the developing world, but not yet with the full signs of a developed country.[1][2][3][4] NIC is a category between developed and developing countries, and it includes South Africa, Mexico, China, Malaysia, Brazil, India, Philippines, Thailand and Turkey.

Countries with an economy consistently and fairly strongly developing over a longer period: Pakistan, Iran, much of South America, several of the Persian Gulf States, the countries of the former Warsaw Pact and others. (See Emerging markets.)

Countries with an inconsistent record of development: most countries in Africa, Central America, and the Caribbean (except Jamaica, in category 2, and Puerto Rico, a U.S. territory); much of the Arab World; also a few countries from Southeast Asia (Laos and Cambodia). 76% of the world's countries fall under this category.

Countries with long-term civil war or large-scale breakdown of rule of law or non-development-oriented dictatorship ("failed states") (e.g. Afghanistan, Haiti, Somalia, Myanmar, Iraq, North Korea); they sometimes also have low resources.

Politically, most developing countries have communism, military dictatorships, weak democracies with in many cases strife and conflicts on going among different communities and regions. The spread of education is low, public health services poor, incidence of poverty high, agricultural productivity low, unemployment or underemployment of both high, technology in most industries far from modern or latest, few or no Nobel Laurettes, huge slum dwellers in cities and urban areas. Electricity may not reached all the places in the country. Many developing countries depend on foreign aid for development. Most developing countries have high levels of corruption.

Socially, most developing countries have strong family bondages, superstition is rife, population density is generally high. Society is divided by religions, castes and other groupings. People in general like to depend on government grants, help, initiative for improvement of their condition and unwilling to take the risk of competition in any field.