Developed and developing countries can be differentiated based on their level of industrialization, per capita income, population growth, resource consumption, and other socioeconomic factors. Developed countries tend to be highly industrialized with higher incomes, stable populations, and greater consumption of resources, while developing countries are less industrialized with lower incomes, rapid population growth, and less consumption. Both developed and developing nations face issues like unemployment and require trade and investment to sustain growth. Key goals for developing nations include investing in education and health, boosting agricultural productivity, improving infrastructure, and promoting sustainable development.
3. WHAT IS DEVELOPMENT?
• act or process of growing; or creating something over a
period of time
• Providing better lives for people
* synonymous with economic growth
• The accumulation of human capital and its effective
investment in the development of economy
• Movement from rural to urban areas and the achievement
of worldwide communities via satellite and jet travel
(Dynamics of Development- The Philippine Experience by Estrelita
Muhi et al)
4. - WHEN ONE COUNTRY MODERNIZES, IT IS DEVELOPING….
WHEN ONE COUNTRY DEVELOPS , IT IS MODERNIZING.
MODERNIZATION
Concept or idea
Broader than development
Just one of the major components
of the process of development
DEVELOPMENT
Realization of the idea
Just a part and parcel of the whole
process of modernization
Broader than modernization
5. GROWTH
Quantitative
Rate or speed
DEVELOPMENT
Qualitative
Transition between two
fundamentally different forms of life
6. KEY DIFFERENCES- ECONOMICS, PER CAPITA INCOME,
INDUSTRIALIZATION, LITERACY RATE, CULTURE, LIVING
STANDARDS, ETC.
Profiles of Developed
and Developing
Countries
7. DEVELOPED NATIONS
More industrialized
Higher per capita income levels
Populations are generally stable
People consume large amounts of
natural resources
DEVELOPING NATIONS
Less industrialized
Lower per capita income
Rapid population growth
Consume less
8. GENERALIZED CHARACTERISTICS OF DEVELOPED AND
DEVELOPING COUNTRIES
1. post industrial economies
2. High level of industrial development
3. High level of affluent citizens
4. Low levels of unemployment
5. Higher education rates
6. Technological advantages
7. Better roads
8. Stable governments
9. Good health care
10. Human and natural resources are fully
utilized
11. High level of per capita income
1. Factors of production are not fully utilized
2. In the process of industrialization
3. Low level of affluent citizens
4. Higher levels of unemployment
5. Lower education rates
6. Often contain undeveloped villages
7. Undeveloped roads
8. Unstable government
9. Endemic diseases in some countries
10. Poor nutrition
11. Unequal distribution of income
9. GENERALIZED CHARACTERISTICS OF DEVELOPED AND
DEVELOPING COUNTRIES
12. High Human Development Index
13. Increased life expectancy
14. Low birth rates
15. Low death rates
16. Safe water supply
17. Accessible advanced medical services
18. Good housing conditions
12. Low HDI
13. High infant mortality rates
14. High level of birth rates
15. High level of death rates
16. Dirty, unreliable water supply
17. Poor access to medical services
18. Poor housing conditions
10. SIMILARITIES BETWEEN DEVELOPED
AND DEVELOPING NATIONS
Both have the same problem of unemployment
Both need trade and investment to remain stable and growing
11. PROBLEMS OF DEVELOPMENT TODAY
“Structural constraints” to development
geography
High economic poverty
Hunger
High mortality rates
Unsafe water supplies
Poor education systems
Corrupt governments
War
Poor sanitation
“poverty traps”
12. SIX AREAS OF POLICY TO IMPROVE
CHANCES OF DEVELOPMENT
Investment in education and health
Increasing productivity of small farms
Improving infrastructure
Developing an industrial policy to promote manufacturing
Promoting democracy and human rights
Ensuring environmental protection
13. DEVELOPMENT STRATEGIES
Assistance for development- economic aid
Poverty reduction
Sustainable development
Gender equality
New investment strategies
15. G7
Informal bloc of industrialized democracies
US, Canada, France, Germany, Italy, Japan, UK
Meets annually
Became G8 in 1994-2014 (Russia)
24. THANK YOU FOR YOUR ACTIVE LISTENING…..
“Twenty years from now you will be more
disappointed by the things that you didn’t do
than by the ones you did do. So throw off the
bowlines. Sail away from the safe harbour.
Catch the trade winds in your sails. Explore.
Dream. Discover.” ~ Mark Twain