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Understanding Developing Countries

Developing countries, characterized by lower GDP and less mature economies, are identified using the Human Development Index (HDI), with a threshold of 0.8 for developed status. In 2022, the UN classified 126 countries as developing, including Colombia, India, Kenya, Pakistan, Sri Lanka, Thailand, and Turkey, each facing various economic challenges such as poverty, corruption, and low per capita income. These nations are in different stages of industrial development and economic performance.

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4 views4 pages

Understanding Developing Countries

Developing countries, characterized by lower GDP and less mature economies, are identified using the Human Development Index (HDI), with a threshold of 0.8 for developed status. In 2022, the UN classified 126 countries as developing, including Colombia, India, Kenya, Pakistan, Sri Lanka, Thailand, and Turkey, each facing various economic challenges such as poverty, corruption, and low per capita income. These nations are in different stages of industrial development and economic performance.

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arquitamelissa36
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Developing Countries

Developing country also called a less developed country or emerging market has a lower gross
domestic product (GDP) than developed countries, with a less mature and sophisticated economy.
The countries which are going through the initial levels of industrial development along with low per
capita income

How do we know if a country is a "developing" country?

-The United Nations uses a metric called the Human Development Index (HDI) to determine whether a
country is fully developed or still developing.

-The generally accepted minimum HDI threshold for qualification as a developed country is 0.8.

According to the UN, in 2022, 126 countries were considered "developing countries”.

The following are the names of some developing countries:


1) Colombia

*According to the International Monetary Fund (IMF), Colombia is a developing country because of its
lower economic performance.
*Population: 51.5M (World Bank Data)
* GDP: $314.46 Billion

*GDP per Capita: $6,104


*The country faces high levels of corruption, poverty, crime, and some cities are still unsafe.

* Colombia rank as 91 over 180 countries (Corruption Perceptions Index reported by Transparency
International).

2) India

GDP: $3.17 trillion

Population: 1.39 billion

GDP per Capita: $2,277

HDI: 0.633
-high density of Population (2nd most populated country)

-low per capita income

-Corruption is the biggest reason for poverty(85th over 180 countries)

-Widespread of poverty, inadequate water and sanitation


3) Kenya
According to United Nations data Kenya Population 2023 (Live)

-54,736,178

-GDP: $110.35 billion(2021) According from the World Bank

-GDP per Capita: $2,082

-Poverty, inequality, youth unemployment, tranparency and accountability ( World Bank Organization)

-Corruption

- Education

4) Pakistan
-According to United Nations data Pakistan Population 2023 (Live)

232,353,326

-GDP: $348.26B

-GDP per Capita: $1,505

-poverty

-unemployment

-low per capita income

-population growrh

5)Sri Lanka

-The current population of Sri Lanka is 21,653,150

-GDP: $88.93 Billion

-GDP per Capita: $4,014

-Extreme poverty
-High levels of debt

-Economic Crisis

6) Thailand
-GDP (2021): $505.98 billion

-Population (2021): 69.95 million

-GDP per Capita (2021): $7,233

-HDI: 0.800

-Overpopulation

-Political instability

-Infrastructure

-Corruption

-According to the definition from the International Monetary Fund (IMF), Thailand is a developing
country because of its lower economic performance.

 Turkey
GDP (2021): $815.27 billion

Population (2021): 85.04 million

GDP per Capita (2021): $9,586

HDI (2021): 0.838

-Financial and economic crisis

-Poverty

-Corruption (According to Corruption Perception Index 2022 Turkey ranks 109/180 Countries)

-Turkey is a developing country because of its lower economic performance. Despite this classification,
the country is currently also one of the emerging markets
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