Developed vs. Developing Countries

One crop economies

nations concentrate production
to a single item, and the economic status decreases.

Brain Drain

Intelligent people move to
more developed countries due to
lack of opportunities.

Inadequate Infrastructure

There is a lot of poor infrastructure-
there is a lack of bridges, roads, etc.

Political Instability

Revolutions, civil wars, and riots
result in lack of political development.

Lack of Entrepreneurs

People with lack of capital and drive will
move elsewhere.

To move from developing to developed, a country should
ensure that their economic situation improves by presenting new and better opportunities for their entrepreneurs. If they continue to present good ideas, people will stay and work, and ultimately improve the economy.

Lack of Poverty

Throughout developed countries,
there is not much statistics that show
excessive levels of poverty.

Good rates of employment

Low levels of unemployment are
prominent in a developed country.

High level production

In developed countries, modern and advanced
production techniques exist at high levels.

Good Standards of Living

The Living style is advanced- for the
most part, people do not live in poor or
poverty-stricken styles.

Low Population rate

The population rate of growing is low, and
there are not excessive amounts of people.