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What I Understand From Term "Development"
From what I understand from the term, a developed country, it is the dividing
line between an advanced country and a developing country. It is generally
based on per capita income. Those with per capita incomes of less than one
fifth of the level of those in the US are considered 'undeveloped'.
The definition is very similar to explanation of wealth and poverty. It also
suggests the balance of power between the two countries which are at different
stages of development.
This definition of development is not totally agreeable because it is
quitecommon for a country's national income to grow quite substantially without
b ....
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