Understanding the key differences between developed and underdeveloped countries: A complete guide

Introduction

The difference between developed countries and underdeveloped countries is an issue of great importance in the world current. The gap between these two types of countries is increasing, leading to deep inequalities in terms of the standard of living of its citizens and the quality of life they can achieve.

What is a developed country?

A developed country is defined as one that has a high level of human development, which translates into high life expectancy, a quality educational system, a strong and diversified economy and advanced infrastructure. Among the most recognized developed countries are USA, Japan and the European countries of the European Union.

What is an underdeveloped country?

An underdeveloped country, also known as a developing country, refers to those countries that have failed to reach the economic and social standards of developed countries. These countries face problems such as extreme poverty, lack of access to basic services such as education and health, and a poorly diversified economy. Among the most recognized underdeveloped countries are many countries in Africa, Latin America and Asia.

Main differences between developed countries and underdeveloped countries

Standard of living

One of the main differences between developed countries and underdeveloped countries is the standard of living of their citizens. In developed countries the standard of living is high and citizens have access to basic services such as education and health. In underdeveloped countries, on the other hand, the standard of living is low and many people live in extreme poverty.

Economy

Another big difference between developed countries and underdeveloped countries is the economy. Developed countries have a diversified and advanced economy, which allows them to attract foreign investments, export their products to the rest of the world and create quality jobs. Underdeveloped countries, on the other hand, have a poorly diversified economy and depend heavily on the export of raw materials.

Access to education and health

Developed countries also stand out for having a quality educational and health system, which is essential for the development of their population. In underdeveloped countries, on the other hand, access to these basic services is limited, which limits the development potential of their citizens.

Conclusions

The difference between developed countries and underdeveloped countries is increasingly marked and has profound implications for the well-being of their citizens and global development. It is essential to work to reduce this gap and to promote the economic and social development of underdeveloped countries so that their citizens can achieve a better quality of life.

List of references

• World Bank, (2021). Classification of economies according to income. Available in https://datos.bancomundial.org/indicador/NY.GNP.PCAP.CD.
• International Monetary Fund, (2021). List of countries by GDP (nominal). Available in https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal).