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A developed country, or advanced country, is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations.
- Fourth World
The Fourth World is an extension of the three-world model,...
- Developed Market
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- Fourth World
It is the world's twelfth-most-populous country, with diverse ethnicities and cultures. Manila is the country's capital, and its most populated city is Quezon City. Both are within Metro Manila . Negritos, the archipelago's earliest inhabitants, were followed by waves of Austronesian peoples.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund .
Mar 19, 2024 · Domestic growth is strong in the Philippines, while global challenges are affecting prospects. The Philippine government is implementing its 8-point socioeconomic agenda and the Philippine Development Plan 2023-2028 to ensure inclusive, resilient, and sustainable growth for a prosperous society.
- Determining Factors
- Human Development Index
- Income Per Capita
- Industrialization
- Political Stability
- General Living Standards
- Freedom
There are several parameters used to determine the level of economic development of a country and they include Human Development Index, income per capita, political stability, industrialization, freedom and living standards of the general population, Gross national Product (GNP), and Gross Domestic Product (GDP).
HDI is a measure developed by the UN to measure human development in a country and the higher the HDI the more prosperous the country is. Unlike the GDP or GNP, which give income and productivity only, HDI give how income is turned into human development like education or health. For a developed country the literacy, education, and health levels ar...
This refers to the average amount of money a person receives within one year in a specific region. It is calculated by dividing the total income in a specific country by the total population of that country, and this value is always high in a developed country. High per capita income signifies high economic and financial security for the general po...
For a developed country, the rate of industrialization and employment is high thus the general population depends less on agriculture. Such a nation will have higher export than imports hence the profits from the international trade will ensure that there is economic growth hence increase in industrialization. The technological infrastructure of a ...
The index for measuring political stability was developed by World Bank and it is a measure of the level of development of a country. Developed countries have stable political environment, low or no corruption, and high level of respect to the country's laws. Good Governance ensures that the level of corruption is low, transparency in running the g...
The cost of living in a developed country is high compared to the less developed country, and this is because the majority of the population is willing and has the financial ability to afford quality goods and services which are expensive. Secondly, goods produced by local industries are mostly consumed as opposed to imported products which might b...
A developed country has freedom for its citizens and respects the law. The freedom to worship, marry, own property, and access to information characterizes a developed nation. In the less developed countries, there are a lot of restrictions and citizens cannot do whatever they like freely. Some of the developed countries are Australia, the United S...
May 28, 2024 · The Philippines is an ethnically diverse country that is in the early stages of demographic transition. Its fertility rate has dropped steadily since the 1950s. The decline was more rapid after the introduction of a national population program in the 1970s in large part due to the increased use of modern contraceptive methods, but fertility has ...
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Dec 17, 2021 · The Philippines is an ethnically diverse country that is in the early stages of demographic transition. Its fertility rate has dropped steadily since the 1950s. The decline was more rapid after the introduction of a national population program in the 1970s in large part due to the increased use of modern contraceptive methods, but fertility has ...
