A developed economy is one with sustained economic growth, security, high per-capita income, and advanced technological infrastructure.

Whether you use “Third World” or “Developing” to describe a certain country, both terms mean the same thing: poor. But it didn’t always mean that. During World War I, First World was used to refer to ...

Discover how industrialization boosts economic growth in LDCs, its benefits, challenges, and examples like Hong Kong's rise ...

According to the OECD, there are only 37 countries belonging to the developed countries list. In contrast, there are 152 developing countries. At least, that’s the number according to the definition ...

Developing countries face significant challenges in achieving their primary goals of poverty alleviation, reducing unemployment, and minimizing inequality. It’s shocking that “GREEN” policymakers are ...

Rising volatility is reflected in the fears of executives in different countries around the world. In the developed world, economic downturn is the most commonly cited fear. In contrast with the ...

The global financial position has remained stable since the April 2024 world economic outlook update from the IMF. According to the IMF July 2024 update, global economic growth is expected to be at ...