Distinguish Between Developed and Developing Countries
Di
3a) What distinguishes a developing country from a developed country (10mks)
ADVICE: All the indicators are examined here with supporting statistics. There won’t be time to include statistics for all the indicators, so you’ll include those that you most easily remember).
Countries can be classified as developed or developing according to the value of the gross national product (GNP) per capita. A developing country can be distinguished from a developed country by examining indicators such as the size of GDP per capita, economic structure, population growth, population structure, distribution of income, employment, trading position, urbanization, technology and provision of infrastructure.
Low income and middle income economies are known as developing countries. Low income is $755 or less and middle income $756 to $9265. High income economies have an income of $9266 and above. These are classified as developed countries. Zimbabwe is a developing economy because according to the Central Intelligence Agency (CIA) its GDP per capita is $500 whereas that of a developed economy such as the US is $48 100.
Their economic structures also differ. Developing countries have a high dependence on the primary sector whereas developed countries have a high dependence on the tertiary sector. The primary sector includes agriculture and the extractive industries. The secondary sector includes manufacturing and construction and the tertiary sector is the service sector. On average agriculture contributes about 30-60% of output in low income developing countries compared to less than 5% in developed countries. This high dependency on agricultural output makes developing countries vulnerable to the forces of nature which can destroy their agricultural exports and wipe out their foreign exchange earnings. In Zimbabwe agriculture accounts for 20.4% of GDP whereas in the USA, it accounts for only 1.2% of GDP.
The population growth
3a) What distinguishes a developing country from a developed country (10mks)
ADVICE: All the indicators are examined here with supporting statistics. There won’t be time to include statistics for all the indicators, so you’ll include those that you most easily remember).
Countries can be classified as developed or developing according to the value of the gross national product (GNP) per capita. A developing country can be distinguished from a developed country by examining indicators such as the size of GDP per capita, economic structure, population growth, population structure, distribution of income, employment, trading position, urbanization, technology and provision of infrastructure.
Low income and middle income economies are known as developing countries. Low income is $755 or less and middle income $756 to $9265. High income economies have an income of $9266 and above. These are classified as developed countries. Zimbabwe is a developing economy because according to the Central Intelligence Agency (CIA) its GDP per capita is $500 whereas that of a developed economy such as the US is $48 100.
Their economic structures also differ. Developing countries have a high dependence on the primary sector whereas developed countries have a high dependence on the tertiary sector. The primary sector includes agriculture and the extractive industries. The secondary sector includes manufacturing and construction and the tertiary sector is the service sector. On average agriculture contributes about 30-60% of output in low income developing countries compared to less than 5% in developed countries. This high dependency on agricultural output makes developing countries vulnerable to the forces of nature which can destroy their agricultural exports and wipe out their foreign exchange earnings. In Zimbabwe agriculture accounts for 20.4% of GDP whereas in the USA, it accounts for only 1.2% of GDP.
The population growth