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Synonyms
Outdated terms that are sometimes still used to describe the developed/developing country dichotomy are "First World" / "Third World" and "North"/"South". ("Second World" refers to communist states during and since the Cold War.) The term Western countries has a similar meaning, but its connotations restrict its usage, especially in Asia Pacific. DefinitionAccording to the United Nations definition there is no established convention for the designation of "developed" and "developing" countries or areas. In common practice, Japan in Asia, Canada and the United States in North America, Australia and New Zealand in Oceania, and Western Europe are considered "developed" regions or areas.[citation needed] In international trade statistics, the Southern African Customs Union is also treated as a developed region and Israel as a developed country; and countries of eastern Europe and the former Soviet Union (U.S.S.R.) countries in Europe are not included under either developed or developing regions. Nowadays the more comprehensive group of "developed countries" also covers the East Asian Tigers (Hong Kong, Singapore, South Korea and Taiwan). When using GDP/cap to define "developed" status, one must take into account how some countries have achieved a (usually temporarily) high GDP/cap through natural resource exploitation (e.g., Nauru through phosphate extraction and Equatorial Guinea) without developing the diverse industrial and service-based economy necessary for "developed" status — similarly, the Bahamas, Barbados, Antigua and Barbuda, and Saint Kitts and Nevis depend overwhelmingly on the tourist industry.
Reasons for high level of economic developmentDifferent observers and theorists often see different reasons for why certain countries (and not others) enjoy a high level of economic development. Many argue that economic development requires some combination of representative government (or democracy), a free market economic model, and a general lack of corruption. Some hold that rich countries grew wealthy by exploitation of poorer countries in the past, through imperialism and colonialism, or in the present, through the process of globalization. See dependency theory. Critics of the dependency theory believe that economic policies play a more important role, and point out that many of the former colonies of wealthy countries have achieved first world status, and some (such as Hong Kong) have even exceeded the per-capita wealth of their former colonizers.- Quality-of-life SurveyAnother relative research about standard of living by Economist Intelligence Unit or EIU Quality-of-life Survey refers the top thirty countries with best quality of life include (in ranking order): Ireland, Switzerland, Norway, Luxembourg, Sweden, Australia, Iceland, Italy, Denmark, Spain, Singapore, Finland, United States, Canada, New Zealand, Netherlands, Japan, Hong Kong, Israel, Portugal, Austria, Republic of China (Taiwan), Greece, Cyprus, Belgium, France, Germany, Slovenia, Malta, United Kingdom and South Korea. Human Development IndexThe UN HDI is a statistical measure that gauges a country's level of human development. Countries with an HDI of 0.8 or more — largely corresponding to what the conventional definition of being a developed" country is — exhibit high development, and those with an HDI between 0.5 and 0.8 (including many of the former Soviet and Eastern Bloc states) exhibit moderate development. All countries listed here as "developed" posses an HDI over 0.9. Comprehensive list of developed countries/regionsOrganisations such as the World Bank, the International Monetary Fund (IMF) and the Central Intelligence Agency (CIA), generally agree that the group of developed countries includes the following countries/regions (in alphabetical order): Image:Developed nation.png Countries described as high-income and advanced economies by the WB and IMF AmericasAsia
EuropeOceaniaOther cases
Other parts of the worldCountries considered likely to join the ranks of developed nations in the future must pass further major hurdles (e.g., debt, diversification, democratisation, crackdown on crime and corruption, lowering unemployment, education reform, development of a middle class) to attain full-fledged developed status; however, they have sufficient wealth to currently enjoy some benefits of "developed" status.
References
See also
cs:Vyspělá země de:Industrieland es:País desarrollado fr:Pays développé ko:선진국 id:Negara maju he:מדינה מפותחת nl:Ontwikkelde landen ja:先進国 no:Industriland pt:País desenvolvido ru:Развитые страны fi:Teollisuusmaa sv:I-land vi:Nước công nghiệp zh:已開發國家
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