Case Study
Homework # 1
Bayan Kaisenova 201111573
1. Choose two countries one as developing country and one as developed country. 2. How do you decide whether it is developing or developed country?
Russia developing country……. Germany developed country.
Developed country or “more developed country” (MDC) is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less developed nations. Most commonly the criteria for evaluating the degree of economical development are GDP, per capita income, level of industrialization and general standards of living. Developed countries have post industrial economies, meaning the service sector provides more wealth than the industrial sector. They are contrasted with developing countries, which are in the process of industrialization. Developing country or “less developed country” (LDC) is a nation with a low living standard, undeveloped industrial base and low human development index relative to other countries. There is general reference points of nations with low GDP compared to other nations. Developing countries has not reached a certain stage of development and lack both human and material resources in improving the welfare of the people. Developed countries have enough resources in improving the welfare of its citizen because those facilities are already provided. For instance, in the production of rice and babies, enough machines are provided reducing stressfulness and suffering.
Russia:
GDP real growth rate 3.6 % (2012) 4.3 % (2011), GDP per capita 17,700$ (2012) 17,000$ (2011), GDP by sectors agriculture 9.8 %, industry 37.6 %, services 58%. Population below poverty 13.1 %. Investment (gross fixed) 23.2 %. Revenues $413 billion, expenditures $414 billion. Industrial growth rate 4.7 % (2011). Exports $542.5 billion (2012), Imports $358.1 billion (2012).
Germany:
GDP real growth rate 0.9 % (2012), 3 %
Bayan Kaisenova 201111573
1. Choose two countries one as developing country and one as developed country. 2. How do you decide whether it is developing or developed country?
Russia developing country……. Germany developed country.
Developed country or “more developed country” (MDC) is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less developed nations. Most commonly the criteria for evaluating the degree of economical development are GDP, per capita income, level of industrialization and general standards of living. Developed countries have post industrial economies, meaning the service sector provides more wealth than the industrial sector. They are contrasted with developing countries, which are in the process of industrialization. Developing country or “less developed country” (LDC) is a nation with a low living standard, undeveloped industrial base and low human development index relative to other countries. There is general reference points of nations with low GDP compared to other nations. Developing countries has not reached a certain stage of development and lack both human and material resources in improving the welfare of the people. Developed countries have enough resources in improving the welfare of its citizen because those facilities are already provided. For instance, in the production of rice and babies, enough machines are provided reducing stressfulness and suffering.
Russia:
GDP real growth rate 3.6 % (2012) 4.3 % (2011), GDP per capita 17,700$ (2012) 17,000$ (2011), GDP by sectors agriculture 9.8 %, industry 37.6 %, services 58%. Population below poverty 13.1 %. Investment (gross fixed) 23.2 %. Revenues $413 billion, expenditures $414 billion. Industrial growth rate 4.7 % (2011). Exports $542.5 billion (2012), Imports $358.1 billion (2012).
Germany:
GDP real growth rate 0.9 % (2012), 3 %