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:
“And even my sense of identity was wrapped in a namelessness often hard to penetrate, as we have just seen I think. And so on for all the other things which made merry with my senses. Yes, even then, when already all was fading, waves and particles, there could be no things but nameless things, no names but thingless names. I say that now, but after all what do I know now about then, now when the icy words hail down upon me, the icy meanings, and the world dies too, foully named.”
—Samuel Beckett (1906–1989)
“The man who loves other countries as much as his own stands on a level with the man who loves other women as much as he loves his own wife.”
—Theodore Roosevelt (1858–1919)