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global

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Economic development is a broader concept than economic growth. Development reflects social and economic progress and requires economic growth. Growth is a vital and necessary condition for development, but it is not a sufficient condition as it cannot guarantee development.

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1.Natural factors
2. Human capitol factors
3. Physical capital and technological factors
4.Instituitional factors

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According to Sen, development is about creating freedom for people and removing obstacles to greater freedom. Greater freedom enables people to choose their own destiny. Obstacles to freedom, and hence to development, include poverty, lack of economic opportunities, corruption, poor governance, lack of education and lack of health.

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Introduced by the United Nation Development Programme. To show the per capita income, health and education.
United States HDI: 0.920
Vietnam HDI: 0.617
An index of 0 – 0.49 means low development - for example, Nigeria was 0.42 in 2010.

An index of 0.5 – 0.69 means medium development – for example, Indonesia was 0.6.

An index of 0.7 to 0.79 means high development – for example, Romania was 0.76.

Above 0.8 means very high development – Finland was 0.87 in 2010.

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1) Low incomes per person
2) Low levels of health care
3) Low Level of education
4) Poor infrastructures
5) Poor sanitation and housing
6) High rates of population growth

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difference between developed and underdeveloped countries

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difference between developed and developing countries pdf

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developed and developing countries list...

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Developed Vs Developing Countries - Differences of Developed and Developing Countries

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Difference between developed and developing countries youtube. The line that sets apart the compare below a developed country, industrialized or 'more economically [2] there is no universal, agreed upon criterion for what makes country developing versus and which countries fit these two are many indicators can be used to contrast 1 key difference; 2 countries?