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    The developed country can be classified also as the advanced country, more developed country (MDC), and more economically developed country (MEDC). Developed country means the country that sovereign state and has a highly growth of economics and modern technological infrastructure compare to the developing country and least developed country. There are several previous studies that have been done on the relationship between inflation rate and unemployment rate in developed country such as by Hogan

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    Comparison Between MEDC and LEDC The comparisons between MEDC- More Economically Developed Country and LEDC-Less Economically Developed Country are many and varied but are mainly related to finance which gives the MEDC a higher standard of living for its occupants than those of the LEDC. Geographically most MEDC are situated in the northern hemisphere were as the LEDC are mostly in the southern hemisphere. Most MEDC are well advanced or have completed their development period for example

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    Poverty Within Developed Countries

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    apply to these foreign countries. Poverty in developed countries goes largely unnoticed by the media of the modern age. The majority of the population focuses their time and energy to alleviate the poverty found in under-developed countries such as Somalia, Sierra Leone, Botswana and various other poor countries. What goes unnoticed by the majority of the population, however, is that poverty can be found in their own ‘backyards’ so to speak. Poverty within developed countries such as Gary, Indiana

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    Organizations or Developed Countries Organization? World Trade Organizations or developed Countries Organization? In the 16th century, England had a lot of colonies, which were located in Africa. At that time, the primary function of colonies were to supply raw materials to England, and England can sold all the finished products to the colonies in order to make profits. This story is the beginning of international trade. In the 21st century, international trade is more busy than ever. According

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    Arnett contrast developing countries and how they differ from countries that are already developed. He explains that developing countries have lower level of education and income even though they experience rapid economic growth. Developed countries, however, have the most prosperous countries with medians of income and education. The education in developing countries is very different than developed countries in many ways. Most developed countries have the option to have a higher education which

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    Industrialising Less Developed Countries

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    This essay intends to address the argument that Less Developed Countries (LDCs) cannot achieve the level of development of the Developed Countries (DCs) unless they undergo a process of industrialisation. In proposing a case in favour of this argument the industrialisation experiences of the Latin American and Asian regions will be investigated, with specific regard to the role of state intervention throughout this process. Conclusions will be drawn from these cases, specifically that through the

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    Developing Countries Competing with Developed Countries Discuss the alternative methods that developing countries might use to overcome the difficulties that they have when trying to compete with developed countries. No industry attracted Including Foreign Direct investment (FDI) Economic development occurs when a country improves the economic welfare of its population through, for example reducing poverty. Some economists discuss the world as being the 'developed north' and 'underdeveloped

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    Countries throughout the world differ in their level of development; they are classified within a range of the two extremes as either LEDC (Least Economically Developed Countries) or MEDC (More Economically Developed Countries). The Variety of economies, cultures and people make it impossible to use a single indicator of development. Geographers use diverse Development Indicators to compare regions against each other, such indicators include: LEDCs exhibit the lowest socioeconomic indicators and

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    the terms “developed countries”, as well as “undeveloped countries”. Developed countries can be defined as countries with high advanced technological functions and a matured economy. While developed countries are seen as “rich” and “state-of-the-art” , undeveloped countries are quite the opposite. They are the poorer states and are often called the third world countries. But what really causes these countries to be poor and undeveloped? And how can they become like the developed countries? There are

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    Least Developed Countries (LDCs)

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    General Parties Involved. A Least Developed Country (LDC) is a country that is defined as exhibiting the lowest indicator of socioeconomic development. A country can be classified as an LDC if they have low income, a Low Human Assets Index, a High Economic Vulnerability Index, and a population size no larger than 75 million. They must meet all four of these requirements. Origin of the Problem Countries classified as LDCs are often newly developed countries, have been through a war in recent years

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    Agriculture is practiced all over the world but agriculture in one country can be far different than in another country. The world can be divided into the less developed countries, where the output of the farm is used on or near the farm where it is produced, and the more developed countries, where the farmer sells the crops and livestock. There are some major differences between what we do in the United States and what others do in other countries concerning agriculture. As one can see, agriculture is a

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    The issue of the impacts transnational corporations have on less developed countries has been a controversial and much disputed subject within the field of economics and development studies. Researchers using various models such as the Rostow Development model, Harrod Domar model and the Neoclassical Theory Model, have studied these impacts and have tried to come to a conclusion to this issue. Researchers have also conducted many case studies in order to investigate in depth factors contributing

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    Developing Health Policies in Developed and Undeveloped Countries The purpose of this paper is to review some of the literature available surrounding the complexities of developing health policies in both developed and developing countries. Comparative Health Systems: Global Perspectives in the 21st Century Johnson and Stoskopf (2008) converse in detail the complexities involved in creating health policies in developed and developing or undeveloped countries. The authors reflect that on an elementary

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    Prosperity and Violence in Developed vs Underdeveloped Countries The best examples of the trade off between prosperity and violence are attributed in Bates to the early developers, whose' success story stands in contrast to the prospect of the late developers who's situation is fundamentally related to their historical relationship with the developed nations. In order to come to an understanding of the trade off between prosperity and violence it is therefore necessary to establish the

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    Natural disasters have a greater impact on less economically developed countries (LEDCs) than more developed countries (MEDCs). How far do you agree with this statement? Natural disasters have always disastrous effects. These could be economic, social and/or environmental. Infrastructure damage can severely obstruct economic activity; social effects can include homelessness, illness, loss of life, injury, and destruction of communities; and environmental damage can range from the tree felling to

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    Globalization has benefited developed countries more than the developing countries. To what extent do you agree with this statement? By Jasarat Shakeeb There is no doubt that globalization has benefited developed countries more than developing countries. Globalization generally means to stay connected. Globalization is misused or overused. The difference between rich and poor continued from the beginning of time. Nearly thousand years ago, people used barter system to fill the gap between demand

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    The Problems of Urban Areas in Economically Less Developed Countries It is generally believed that urban areas in ELDCs will suffer for worsening problems, even as economic activities and capital formation increase. The unique urban problems that urban areas face in ELDCs include urban sprawl, congestion(traffic and people), lack of infrastructure (clean water, housing, roads, transport, etc) and pollution. This essay will discuss why this trend of worsening problems is more likely by examining

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    Two Distance Education Institutions This paper will explore two distance education institutions, one in a developed country, the United Kingdom, and the other in the undeveloped country of India. While both universities have similar mission statements and objectives, they have differences, as well. The British Open University's mission is to be open to people, places, methods and ideas. The overall goal of the Open University is to flourish as a higher education environment throughout the United

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    Health Policy in Developed Countries

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    current state of the country. This literature review will look at policy development in the United States (US), Canada, Uganda, and sub-Saharan Africa and examine the varying factors of development such as cost, quality, and patient access. One constant theme stands out amongst the literature. No matter the condition of the country or the type of health policy, no health system is without challenges, whether they are unique or shared. Health Policy in Developed Countries To examine health policy

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    TRADE, PROTECTIONISM AND THE DEVELOPED COUNTRIES The World Trade Organization refers to an organization formed in 1995 with a stated goal of supporting and liberalizing international trade. Although it is in line with free international trade it allows governments to impose short term protectionist measures under specific circumstances (Shrybman, 2001). Developed countries have imposed remarkable protectionist measures since 1975 despite the fact that they have joined WTO (Takatoshi and Krueger

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