- published: 17 Jun 2013
- views: 314589
A developed country or "more developed country" (MDC), is a country with an economy with high growth and security. Most commonly the criteria for evaluating the degree of development is to look at gross domestic product (GDP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living. Which criteria, and which countries are classified as being developed, is a contentious issue. According to the International Monetary Fund, advanced economies comprise 65.8% of global nominal GDP and 52.1% of global GDP (PPP) in 2010. In 2011, the ten largest advanced economies by either nominal GDP or GDP (PPP) were: the United States, Japan, Germany, France, the United Kingdom, Italy, Canada, Spain, South Korea and Australia.
Countries not fitting such definitions are classified as developing countries or undeveloped countries.
Terms similar to "developed country" include "advanced country", "industrialized country", "'more developed country" (MDC), "more economically developed country" (MEDC), "Global North country", "first world country", and "post-industrial country". The term industrialized country may be somewhat ambiguous, as industrialization is an ongoing process that is hard to define. The term MEDC is one used by modern geographers to specifically describe the status of the countries referred to: more economically developed. The first industrialized country was the United Kingdom, followed by Belgium. And later it spread further to Germany, United States, France and other Western European countries. According to some economists such as Jeffrey Sachs, however, the current divide between the developed and developing world is largely a phenomenon of the 20th century.
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Everything austrailian should be able to, uh,
Keep their culture together by using or exercising all these elements of today's reality.
And that reality is development.
And that, that development um, I would think is the way it should be right.
Not something that, uh, is put upon us or forced down our throats.
You and I know that music is a universal language.
And, uh, it doesn't have any prejudice. it has one of thinking.