Francisci WG.8

Indicators of Economic DevelopmentDeveloped CountriesDeveloping Countries 1. Availability of natural resources (Examples: water, oil, natural gas) High access to natural resources such as water, oil and natural gas. Little access to natural resources such as water, oil and natural gas.

Indicators of Economic DevelopmentDeveloped CountriesDeveloping Countries 2. Access to capital resources (Examples: technology, internet, investments, infrastructure) Technology is advanced and the infrastructure is also strong and supports the country well. Technology is limited, infrastructure is weak in areas or entirely (Examples: dirt or no roads, polluted water, lack of hospitals, food and trash disposal).

Indicators of Economic DevelopmentDeveloped CountriesDeveloping Countries 3. Human resources (labor or workers) Well-educated and highly skilled workers. Poorly trained, low skilled workers.

Indicators of Economic DevelopmentDeveloped CountriesDeveloping Countries 4. Levels of Economic development (Examples: GDP – income of a country for a year, Per Capita Income – average income per person for a year. GDP very high, Per Capita income is often $20,000 or higher. GDP is very low, Per Capita Income is often $5,000 or less.

Indicators of Economic DevelopmentDeveloped CountriesDeveloping Countries 5. Urban/Rural ratio (Population distribution) Large numbers of people often live in urban areas (cities). Large numbers of people live in rural areas (country). Many people migrate to cities for better quality of life and live on the outskirts of cities in shantytowns (very poor).

Indicators of Economic DevelopmentDeveloped CountriesDeveloping Countries 6. Labor force characteristics: (Examples: Primary Sector – gathering natural resources, Secondary Sector - manufacturing or assembly, Tertiary Sector – service industry) Primary Sector – small part of economy Secondary Sector – more of economy Tertiary Sector – makes up largest part of economy. Primary Sector – largest part of economy Secondary Sector – small percentage of economy Tertiary Sector – very few tertiary activities

Indicators of Economic DevelopmentDeveloped CountriesDeveloping Countries 7. Educational achievement Most of the population has high school diploma and many college degrees. Majority of the population has little opportunity of education beyond eighth grade.