Developed nation

Developed nations are countries that have achieved (currently or historically) a high degree of industrialization, and which enjoy the higher standards of living which wealth and technology make possible. There is a strong correlation between countries having this type of status and their possessing robust democratic institutions.

Synonyms include industrialised nations, more economically developed countries (MEDC) and the first world.

Countries not belonging in this category are sometimes euphemistically called developing nations, underdeveloped nations, or, in extreme cases least developed countries. Other terms sometimes used to describe the dichotomy are first world/third world (the second world was once reserved for Communist countries), North/South, or industrialized countries/non-industrialized countries. The term Western countries has similar, though not identical, connotations.

According to the United Nations, the countries of Europe, North America, plus Australia, New Zealand, Japan and South Korea are to be considered developed nations.

According to the CIA World Factbook, the following countries are considered developed nations:


Europe
Andorra Germany Malta Sweden
Austria Greece Monaco Switzerland
Belgium Iceland Netherlands United Kingdom
Denmark Ireland Norway Vatican City
Faroe Islands Italy Portugal
Finland Liechtenstein San Marino
France Luxembourg Spain
America Asia Oceania Africa
Bermuda Israel Australia South Africa
Canada Japan New Zealand
United States Turkey


According to the International Monetary Fund (IMF)'s list of advanced economies, Hong Kong, South Korea, Singapore and Taiwan are also considered developed nations, but not Malta, South Africa or Turkey.

However, it is higly debatable and controversial whether countries such as Turkey and South Africa, with poor macroeconomic, social and political records can be considered "developed" while the countries of Central and Eastern Europe, most of them members of NATO and the European Union be not.

nl:ontAskFactMaster.Com landen de:Industrieland ja:先進国

This article is licensed under the GNU Free Documentation License. It uses material from Wikipedia article. Browse Wikipedia for more information.