The following are some of the differences between developed and developing countries. Developed countries are countries that are advanced in terms of economy and industrialization. Developed countries are also known as first world countries, because they are self-sufficient countries. Countries that are going through the early stages of industrial development along with low per capita income are known as Developing Countries.
Countries are divided into two broad categories by the United Nations, namely developed countries and developing countries. The classification of countries is based on economic status such as GDP, GNP, per capita income, industrialization, standard of living, etc.
Developed Country refers to a sovereign country whose economy is highly developed and has a great technological infrastructure compared to other countries. Meanwhile, countries with low industrialization and low human development index are referred to as developing countries.
Also read: Differences between IMF and World Bank
After examining the two, we have compiled the differences between developed and developing countries by considering various parameters in tabular form.
| BASIC OF COMPARISON | DEVELOPED COUNTRIES | DEVELOPING COUNTRY |
|---|---|---|
| Means | A country that has an effective level of industrialization and individual income is known as a Developing Country. | Developing countries are countries that have a slow rate of industrialization and low per capita income. |
| Unemployment and Poverty | Low | Tall |
| Rates | Infant mortality, death and birth rates are low while life expectancy is high. | High infant mortality, death and birth rates, and low life expectancy. |
| Living conditions | Well | Moderate |
| Generate more income from | industrial sector | Service sector |
| Growth | High industrial growth. | They rely on developed countries for their growth. |
| Standard of living | Tall | Low |
| Income Distribution | The same | Not equal |
| Factors of production | Utilized effectively | Ineffectively used |
Definition of Developed Country
Developed countries are countries that are advanced in terms of economy and industrialization. Developed countries are also known as first world countries, because they are self-sufficient countries.
The Statistical Human Development Index (HDI) ranks countries according to their development. Countries that have a high standard of living, high GDP, high child welfare, excellent health care, medical facilities, transportation, communication and education, better housing and living conditions, industrial progress, infrastructure and technology, higher per capita income, increase in life expectancy, etc.
These countries generate more income from the industrial sector compared to the service sector because they have post-industrial economies.
The following are the names of some developed countries: Australia, Canada, France, Germany, Italy, Japan, Norway, Sweden, Switzerland, the United States.
Definition of Developing Country
Countries that are going through the early stages of industrial development along with low per capita income are known as Developing Countries. These countries are included in the category of third world countries. They are also known as lesser developed countries.
Developing Countries depend on Developed Countries to support them in building industries across the country. The country has a low Human Development Index (HDI), i.e. the country has a low Gross Domestic Product, a high illiteracy rate, education, transportation, communication and health facilities are not very good, government debt is not sustainable, income distribution is not good. equitable distribution, high mortality, poor nutrition for both mother and baby which causes high infant mortality, high unemployment and poverty.
The following are the names of some developing countries: Colombia, India, Kenya, Pakistan, Sri Lanka, Thailand.
Also read: Differences in the Primary and Secondary Sectors
Difference Between Developed Countries and Developing Countries
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Countries that are independent and prosperous are known as Developed Countries. Countries that are facing the beginning of industrialization are called Developing Countries.
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Developed Countries have high per capita income and GDP compared to Developing Countries.
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In developed countries the literacy rate is high, but in developing countries the illiteracy rate is high.
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Developed Countries have good infrastructure and a better environment in terms of health and safety, which is not present in Developing Countries.
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Developed Countries generate income from the industrial sector. In contrast, Developing Countries generate income from the service sector.
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In developed countries, the standard of living of the people is high, while in developing countries it is moderate.
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Resources are used effectively and efficiently in developed countries. On the other hand, proper use of resources is not carried out in developing countries.
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In developed countries, birth and death rates are low, while in developing countries they are both high.
There is a big difference between Developed Countries and Developing Countries because developed countries develop on their own while developing countries emerge as developed countries. Developing countries are countries that experience a development phase for the first time. If we talk about developed countries, they are post-industrialized economies and therefore most of their income comes from the service sector.
Developed Countries have a high Human Development Index compared to Developing Countries. The former has established himself on all fronts and made himself sovereign with his efforts while the latter is still struggling to achieve the same.
