The United States, Canada, Australia, Germany, France, Japan and South Korea are a few of the developed countries in the world. A country is classified as developed when it is a sovereign state with a strong economy and a technologically advanced infrastructure.Know More
The commonly used criteria to evaluate whether or not a country is developed include its gross domestic product, level of industrialization, standard of living and its infrastructure. Developed countries also have economies that are primarily service-based. Two-thirds of the economic activity in the United States is located in the service sector, which includes jobs in public health, retail sales and education. Designating countries as developed and developing is not intended to make a judgment about a country’s development process, but rather to be used as a statistical convenience, according to the United Nations Statistics Division.
The level of education, health, literacy and life expectancy of a country’s population is also increasingly considered in the evaluation of a country’s development. This measurement is called the Human Development Index and was created by Indian economist Amartya Sen and Pakistani economist Mahbub ul Haq. Countries with a high HDI score generally have prosperous economies, but unlike per capita income, the HDI takes into consideration education and health opportunities created with the economic wealth. The HDI is based on the philosophy that people are the real wealth of a nation and has impacted how country development is measured around the world.Learn more about Economics
Countries with a mixed economy include Iceland, Sweden, France, the United Kingdom, the United States, Russia and China. These countries have a mix of government spending and free-market systems based on the share of government spending as a percentage of gross domestic product. Some governments spend much more money in proportion to GDP, while others spend much less.Full Answer >
As of 2014, Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union make up the G20. The members represent the world's most advanced economies, accounting for roughly 85 percent of global GDP and more than 75 percent of world trade.Full Answer >
Dozens of countries are located around the Pacific Rim, including the United States, Canada, Mexico, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Chile, Ecuador, Peru, New Zealand, Australia, Thailand, Taiwan, South Korea, Philippines, Malaysia, Japan, Cambodia, Brunei, China, Indonesia, North Korea, Papua New Guinea, Singapore and Vietnam. These countries lie on four of the seven continents: North America, South America, Asia and Australia.Full Answer >
There are numerous countries in the western hemisphere, such as the United States, Mexico and Canada. Some other countries in the western hemisphere are Cuba, Brazil and Jamaica.Full Answer >