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  2. A developed country (or industrialized country, high-income country, more economically developed country (MEDC), 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.

  3. Developed Countries List A developed country is a sovereign state with a mature economy and technologically advanced infrastructure compared to other nations. Several factors determine whether or not a country is developed, such as its political stability, gross domestic product (GDP), level of industrialization, social welfare programs ...

  4. Countries may be classified as either developed or developing based on the gross domestic product (GDP) or gross national income (GNI) per capita, the level of industrialization, the general ...

  5. Aug 23, 2020 · A developed country is defined as a sovereign state that has a well-developed economy and an infrastructure based on advanced technologies when compared to other countries. Several factors like the Human Development Index, political stability, gross domestic product (GDP), industrialization, and freedom determine whether a country is developed ...

    S.no.
    Name Of The Country
    Human Development Index (hdi)
    Population
    1.
    Norway
    0.953
    5,421,241
    2.
    Switzerland
    0.944
    8,654,622
    3.
    Australia
    0.939
    25,499,884
    4.
    Ireland
    0.938
    4,937,786
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    The term developed countriesis used to designate nations that enjoy high per capita income (average income per citizen), high standards of living (the quality and quantity of goods and services available in a society), long life expectancy (the average expected life span of a nation’s citizens), and other measurements relating to a high quality of life for the individual. Developed countries are also known as First World countries, industrialized nations, advanced economies, and more economically advanced countries. In addition to their high level of prosperity, all developed countries have several characteristics in common. For one, they are fully industrialized. In other words, developed or industrialized nations are founded on technologically advanced, manufacturing-based economies. Developed countries also share a commitment to free-market economies, or economies based on the law of supply and demand, in which prices are determined by the relationship between the availability of...

    The concept of developed countries, as opposed to developing countries (countries characterized by low per capita income, widespread poverty, and an undeveloped economic infrastructure), first emerged during the Cold War (a period of political tension between the United States and the Soviet Union that lasted from the late 1940s until the early 1990s). In 1952 French anthropologist and historian Alfred Sauvy (1898–1990) coined the term Third World (in French, Tiers Monde) to describe the underprivileged status of the world’s impoverished nations. The term soon became synonymous with areas of the globe that were not involved in the ideological conflict between the United States and the Soviet Union. As a rule, these nations were poor, politically unstable, and economically undeveloped; many were former colonies of industrialized nations. As the term Third World became popular, people also began using the expressions First World to mean the United States and Europe and Second Worldto...

    Most developed countries are in the western hemisphere, and they include the United States, Canada, and the nations of Western Europe. Australia and New Zealand, both former British colonies, are also developed countries. Although most Asian countries are not considered developed, a few meet the criteria of developed nations (notably Japan, South Korea, Singapore, and Taiwan), as do the administrative regions of Hong Kong and Macau, both of which are controlled by the People’s Republic of China. In the Middle Eastonly Israel is considered a developed country. There are no developed countries in Africa. Developed countries are generally ranked according to several criteria. One of the most significant is a nation’s gross domestic product, or GDP. GDP refers to the value of all goods and services produced in a country over a set period of time. It accounts for the consumption of goods and services, the total monetary value of a nation’s investments, total government spending, and the...

    The disintegration of the Soviet Union in the late 1980s and early 1990s caused a major shift in the relationship between the developed countries of Western Europe and the communist republics of Eastern Europe. (Communist countries are governed according to principles of state ownership of property and economic production and the socialization, or sharing, of material and social resources for the use of all citizens.) After breaking free of Soviet influence, a number of former Eastern Bloc countries (a term referring to those Eastern and Central European countries under Soviet political domination) began to implement substantial political and economic reforms. They held democratic elections and launched major industrialization programs in the hope of eventually gaining admittance to the European Union(a confederation of developed democratic nations in Europe originating in the 1950s), commonly known as the EU. For former Eastern Bloc countries membership in the EU was synonymous wit...

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