TYPES OF STATES INDUSTRIALIZED DEMOCRACIES (1st

World) COMMUNIST AND POST COMMUNIST (2nd

World) LESS DEVELOPED COUNTRIES (LDCs) (3rd

World)Newly Industrialized Countries (NICs)

INDUSTRIALIZED DEMOCRACIES: CHARACTERISTICS POLITICAL

Stable liberal democracy

ECONOMIC High level of economic development

COMMUNIST AND POST-COMMUNIST: CHARACTERISTICS POLITICAL:

Communist: one-party, authoritarian regime.

Post-communist: authoritarian, democratic, or somewhere in between.

ECONOMIC: Communist: eliminate

economic inequality. Post-communist:

transforming to incorporate capitalism.

LESS DEVELOPED COUNTRIES:CHARACTERISTICS POLITICAL:

Tend to have authoritarian regimes. Struggle with political development/stability.

ECONOMIC: Limited economic growth

INDICATORS OF ECONOMIC DEVELOPMENT? (HOW DO WE MEASURE IT?)

INDICATORS OF ECONOMIC DEVELOPMENTPost-Industrial

Agricultural Industrial Service

INDICATORS OF ECONOMIC DEVELOPMENTPost-Materialism/Post-Modernism

Stages

Pre-ModernBasic Survival

Modernism (Materialism)Values of Industrialism

Materialism Rationalism and Reasoning

POST-MATERIALISM/POST-MODERNISM

Set of values that emphasize “Quality of Life” instead of material gain.Health CareEnvironmentEducation

GROSS DOMESTIC PRODUCT PER CAPITAThe total value of goods and services produced by an economy, divided by population of the country.

GNP: Includes income earned by citizens outside of the country.

INDICATORS OF ECONOMIC DEVELOPMENTHuman Development Index

Measures overall well-being of society:

Health, education, & income.1= Very Good0= Very Bad

HUMAN DEVELOPMENT INDEX

1. NORWAY 4. UNITED STATES

169. ZIMBABWE

Life Expectancy 81 Years 79.6

Years47 Years

Years of Schooling 12.6

Years 12.4 Years

7.2 Years

GDP per Capita $58,278 $46,653 $187

HDI 0.938 0.902 0.140

http://hdr.undp.org/en/statistics/ 2. Australia 3. New Zealand

HUMAN DEVELOPMENT INDEX

Health Education Income HDI0

0.10.20.30.40.50.60.70.80.9

1

NorwayZimbabwe