Typology and Names of Countries
Countries are often loosely placed into four categories of development. Each category includes the countries listed in their respective article. The term "developing nation" is not a label to assign a specific, similar type of problem.
- Newly industrialized countries (NICs) are nations with economies more advanced and developed than those in the developing world, but not yet with the full signs of a developed country. NIC is a category between developed and developing countries. It includes Brazil, China, India, Indonesia, Malaysia, Mexico, Philippines, South Africa, Thailand and Turkey.
- The Advanced Emerging Markets are: Brazil, Hungary, Malaysia, Mexico, Poland, South Africa, Taiwan and Turkey.
- Countries with long-term civil war or large-scale breakdown of rule of law ("failed states") (e.g. Democratic Republic of Congo, Afghanistan, Somalia) or non-development-oriented dictatorship (North Korea, Myanmar and Zimbabwe).
- Some developing countries such as Antigua and Barbuda, Bahamas, Barbados, Brunei, Equatorial Guinea, Trinidad and Tobago and the Arab states of the Persian Gulf have been classified as "Developed countries" by the World Bank.
Read more about this topic: Developing Country
Famous quotes containing the words names and/or countries:
“Men have sometimes exchanged names with their friends, as if they would signify that in their friend each loved his own soul.”
—Ralph Waldo Emerson (1803–1882)
“Americans living in Latin American countries are often more snobbish than the Latins themselves. The typical American has quite a bit of money by Latin American standards, and he rarely sees a countryman who doesn’t. An American businessman who would think nothing of being seen in a sport shirt on the streets of his home town will be shocked and offended at a suggestion that he appear in Rio de Janeiro, for instance, in anything but a coat and tie.”
—Hunter S. Thompson (b. 1939)