11.3 Economic Development
Homearrow_rightRevision Notes arrow_right A Level arrow_right International Economic Issues arrow_right Economic Development
11.3.1 Classification of countries

By level of development: developed economies (high income, high HDI, large tertiary sector: USA, Japan, Germany); developing economies (lower income and HDI, large primary sector and informal sector: Bangladesh, Kenya, India); emerging economies (developing economies with rapid growth and industrialisation, integrating into world markets: India, Brazil, Indonesia, Vietnam). By income: the World Bank classifies countries using GNI per capita (Atlas method) as low income, lower-middle income, upper-middle income and high income; India is a lower-middle-income country; China upper-middle; the UK high income.

🔒 Also in the full notes
Join to unlock the full notesAlready a member? Log in
Test yourself: 11.3 quiz (20 questions)← 11.2 Exchange Rates  |  11.4 Characteristics of Countries at Different Levels of Development →