How to distinguish among developed, developing and under-developed countries

Less developed countries, developing countries, developed countries and more developing countries... that's a lot. But here is just a simplification.These are the differences betweenLess developed countriesThese countries are also known as

Is moving to London from San Francisco a bad deal?

If money is the major thing then maybe...on the other everything has some risk associated with it, even just staying where you are.Some thoughts.Engineers in any discipline are not generally as well paid in the UK as they are in the US; I think as a group we

What determines the value of a nation's currency?

Each country determines the exchange rate regime that will apply to its currency. There are two; free-floating or pegged (fixed).If a currency is free-floating, its exchange rate is allowed to vary against that of other currencies and is determined by

What developing country will become the next developed nation?

This largely depends on how you define "developed". There are many countries in Eastern Europe which teeter on the edge of this definition. They have all the infrastructure from the Communist-era and many are now members of the EU, but incomes are much lower and they still receive development aid and have many social problems. Often, development

What is the highest valued currency in the world today?

These are the top 10 highest currency in the world with respect to the value in Indian Rupees. The strength or popularity of a currency is an entirely different thing. A Euro or the USD holds more value, is traded more and is used in more countries than the

What is the most stable currency in the world?

A currency said to be stable when the Central bank of a nation with a safe currency should have a strong balance sheet, with more assets than liabilities.U.S. dollar considered as a safe-haven currency. The U.S. economy is the world's largest economy as well as the most stable.

Which countries use the US dollar as their national currency?

The US dollar is the official currency of the following countries:EcuadorEl SalvadorMarshall IslandsMicronesiaPalauPanamaTimor-LesteThe United States (obviously)It is also used several non-US territories, such as the British Virgin Isles, Caribbean Netherlands, and Turks & Caicos Islands.

Why do developed countries have a low GDP growth rate compared to developing countries? Can developed countries achieve a GDP growth rate as high as developing countries?

Standard textbook response to a question such as why is China growing faster than the US can be summarized in six key words - catch up effect, and diminishing marginal return.Skip next 5 paragraphs if you already understand the notion of diminishing marginal returnLet's

Why is Denmark so rich?

By adapting.They have been rich for a long time. They started as traders, invaders, conquerors, empire builders and farmers. Even then the wealth was split, not equally, but none the less the rewards trickled through the society. They could feed themselves, but the land did not

What if the bretton woods agreement had never happened and gold was still the global currency for trade. How the world economy would have been today?

Thanks for the A2A.The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western Europe countries, Australia, and Japan after the 1944 Bretton Woods Agreement.

What is appreciation and depreciation of currency?

In layman language, it means the value of one currency against another currency has reduced. Many factors can be attributed to the movement of a currency vis-a-vis another (not limited to economic data, future prospects for the economy, natural disasters, etc.).To give a clear idea, please consider the

What was the American perception of Japan's rise as an economic powerhouse from 1963-1995?

The following is from my personal experience from living in the US during this period. In the 1960's there was an influx of Japanese imports into the US. There was a widespread stereotype of Japanese products being cheap, inferior alternatives to American goods. As time wore on, Japan began to dominate

Can China's economy surpass USA's economy?

China's history is that of a major trading nation, except when it wasn't. The 禁海 ban on maritime trade from the Ming Dynasty began the decline which only ended with the Emperor Deng. Since then China roared back as a major exporter and remains one of

How Long Before The World's Resources Will Run Out?

Very, very hard to say! What most of those making those estimates have missed is the incredible ingenuity of humans to overcome seemingly insurmountable obstacles in

Is China's economic slowdown a worrying signal to the rest of the world?

This means that China is undergoing transformation and upgradingThis is good news for developing countries,because Developing countries can undertake many Chinese industries .This is not good news for the developed countries,this means Their mid - to high-end industries will face fierce competition from China.but this is

Is it possible to fight against the IMF and the World Bank without fighting against capitalism?

IMF is an institution which manages International liquidity. World Bank is a lending organisation of IMF Group which lend for development projects and infrastructure to different countries of the world at nominal rate of interest. All countries of the world are members of IMF and have their drawing rights on the basis

What are the factors driving China's growth today?

I list some critical ones.Far thinking government. The development blueprint was made in 1978 to 2050 with a 5-year plan every 5 years. I haven't seen any government on this globe to govern her country in this way. All the elite class, like businessmen, politicians, economists, scholars, etc, well know the nation direction and are investing for future. That

What are the most common misconceptions about globalization?

A single world government is the inevitable goal of a global economy.This is by far the most common misconception people in the west, primarily conservatives, have about globalization. It does not matter how diverse nation-states are, or the recognition and respect for their existence

What has kept Africa from catching up with the world?

Africa is not a state, is a continent with many nations in various state of development. Some of them are catching up , other are ahead of other continents.For example I read that Morocco will introduce a fast train that is only

Why is China's economic growth slowing?

Four issues:1) growth fueled by importing production technology will eventually come to an end,2) there may be the need for the development of better institutions to support the right innovate business development and growth3) China had a brilliant policy of fiscal spending on infrastructure construction that avoided many

Why is Louisiana poor?

Poor due to three main reasons:A lack of diversification due to very poor leadership from the mid-1960s onward. This poor leadership is exacerbated by a dependence on continued high prices of oil and any dips in the oil market bust economic planning.An inability to both 1. keep the State's oil within State

Why is the rest of the world so unfair to Venezuela in its time of need?

Because they're all afraid of American dogs!The first UN rapporteur to visit Venezuela for 21 years has told The Independent the US sanctions on the country are illegal and could amount to

Can Mexico be considered a Western Country or a First World country?

International institutions characterize Mexico as an upper-middle-income country, a category encompassing US $4125 to $12736 in income per capita. Mexico's was $9980 in 2014, and at 2.5% growth would enter World Bank's high-income countries group in another decade.List of countries by GNI (nominal, Atlas method) per capitaUpper middle income (World Bank)

Is the rate of the rupee or the dollar decreasing?

Well to buy a I needed 60.5 rupees at 26 october and now as of 26th decembet I needed 63.5...This means I have to let go more rupees per dollar so its the dollar that has gained value or rupee had lost its value...Consider dollar like a commodity, it will become easy to understand....

Is there anywhere in the world where a 7 day week is not observed?

The Soviets actually experimented with various sized weeks. The thinking was that if the size of the weeks changed that would make it impossible to observe Sunday as a religious day of gathering (or Saturday for the Jews), this was a part of the general campaign to eliminate religion from the "Soviet Paradise"At first

What country has the highest income tax rate on a million dollars?

List of countries by tax ratesSo Belgium should tax you the most on a million dollars at 64 %.But income tax is of course only part of the truth. There are also indirect taxes, like VAT, which would further increase your effective tax rate. On the other hand, there are also

What developing countries are ambitious to become a developed nation?

I don't think there is any developing country where the people say, "You know what, widespread poverty, dilapidated infrastructure, rampant corruption, and pervasive criminality aren't too bad. Let's keep things how they are."The failure to create improvements in society doesn't come from a lack of ambition but from the fact that one's ambitions do not

What will happen if financial crisis happens today?

Immediately financial markets will crash . Money supply issues. Capital shortage low production low returns low productivity. Economy slump. Despite of all these indian economy will not face such scene. As its fin. Sector is so tightenDo not allow any such issues. It

Why do developed countries still pursue economic growth, which in effect causes more issues than before?

Primarily, it is GREED to maintain the status quo of the current acceptable standard of living.There is also the recognition that in the absence of growth, there is stagnation that will negatively impact the future because nothing remains static.Make no mistake to look too short-sighted as whatever we do today, directly affects the future.