Which of these countries are "developed"? Which of them are "developing"?
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  Which of these countries are "developed"? Which of them are "developing"?
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Author Topic: Which of these countries are "developed"? Which of them are "developing"?  (Read 1265 times)
buritobr
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« on: October 07, 2017, 05:39:38 PM »

OECD is the club of the developed countries. We have no doubt that USA, Canada, all Western European countries, Japan, Australia and New Zealand are developed countries. But what about other OECD members, in the list below?

Chile
Czech Republic
Estonia
Greece
Hungary
Israel
South Korea
Latvia
Mexico
Poland
Slovakia
Slovenia
Turkey

We have no doubt that Mexico and Turkey are developing countries.

Chile has the best Latin American HDI, the lowest crime rate, the highest political stability, but still, it is better than the neighborhood, because the neighborhood is bad. I don't know if we can consider Chile a developed country. Its economy relies too much on natural commodities.

Former communist countries like Czech Republic, Estonia, Hungary, Latvia, Poland, Slovakia, Slovenia, I don't know

Greece was easier to be considered a developed country until 2008

Israel is very rich, is a very high tech economy, but there is a civil war in its territory, there are many problems in its political system

South Korea has overtaken the GDP per capita of Portugal in 2007, after that, it has already overtaken Italy and Spain, it is getting closer to Japan, but the political problems faced recently look like third world problems. South Korea has also a "developing" country characteristic for good: it still has a developing country GDP growth (3%), and not a developed country GDP growth (1%).

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Maxwell
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« Reply #1 on: October 08, 2017, 12:56:52 AM »
« Edited: October 08, 2017, 12:59:28 AM by Maxwell »

I feel like South Korea and Israel are developed, Chile is close but suffers from the constant Latin American struggle of "so close but no cigar" (for a while Brazil was the B in the BRICs, a set of countries set to become 1st world economies and, uh, we can't really see that anymore) and probably won't reach the developed country promised land. The rest definitely developing, if not regressing in Greece's case.
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vanguard96
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« Reply #2 on: October 10, 2017, 10:36:43 AM »

South Korea from my personal experiences there is a developed country. Yes, there still are a lot of economic migrants to the US and Canada and trafficking still is an issue so in some ways it is behind Japan but its companies are advancing on a world level.

I would not doubt Chile for now - though if the socialists who seem to be gaining in power continue to push for positive rights for all they will fall in the same muck that has plagued its larger neighbors on the continent and it could very well see the same backpedaling that has hampered Argentina.

I really have to do some more investigation on the Eastern European nations - definitely a lot of promise. Less so for Greece and Turkey.
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buritobr
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« Reply #3 on: October 12, 2017, 08:41:25 AM »

In the BRICS, I believe that only China can become a developed country. Chinese GDP has overtaken Brazilian one in 1988, and Chinese GDP per capita has overtaken Brazilian one in 2015.
Brazil had a 7% GDP growth yearly between 1930 and 1980. From 1980 to the presente day, only 2.5%.
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Santander
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« Reply #4 on: October 12, 2017, 11:22:32 AM »

To me, if a country is at least as "developed" as Portugal, it is a developed country. If it's less, then it's a borderline case or a developing country. Some may have a higher bar.

So unscientifically, I would definitely consider South Korea, Israel to be "developed". Slovenia, Estonia, and the Czech Republic are the most successful former Communist countries, and I think they can be considered "developed" by this point. Greece is probably just about hanging on for now, and Slovakia, Latvia, Poland, Chile, and Hungary are basically there or thereabouts, but probably fall just short for the time being.
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Dr. MB
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« Reply #5 on: October 12, 2017, 05:22:37 PM »

If you had to group a country either as "rich" or "poor" all would fall into the "rich" category. Most are economically about the same, but not at the level of the United States or France for example.
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mileslunn
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« Reply #6 on: October 15, 2017, 12:14:35 AM »


Chile
Czech Republic
Estonia
Greece
Hungary
Israel
South Korea
Latvia
Mexico
Poland
Slovakia
Slovenia
Turkey



Israel and South Korea are definitely developed countries.  South Korea's GDP now surpasses Spain and is close to Italy while Israel is ahead of Italy and barely behind Japan and France.  South Korea though is a relative newcomer but nonetheless a developed one.

Czech Republic, Estonia, Greece, Latvia, Slovakia, and Slovenia all meet the IMF definition of developed countries so I would consider them borderline developed countries, but still developed.

Chile, Hungary, and Poland are still considered developing by the IMF but they are also right on the borderline so you could probably make a strong argument either way.

Turkey and Mexico are definitely developing, although upper middle income.  Their GDP's are similar to Brazil, Romania, Russia, and Malaysia which are also generally seen as developing and below that of Argentina which is usually considered a developing.  In fact even China is not that far behind Turkey and Mexico and could surpass them in the next decade depending growth.  Likewise Venezuela had a higher per capita GDP than both until their recent troubles (now it is much lower for obvious reasons).
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Lechasseur
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« Reply #7 on: November 12, 2017, 01:39:12 PM »

To me, if a country is at least as "developed" as Portugal, it is a developed country. If it's less, then it's a borderline case or a developing country. Some may have a higher bar.

So unscientifically, I would definitely consider South Korea, Israel to be "developed". Slovenia, Estonia, and the Czech Republic are the most successful former Communist countries, and I think they can be considered "developed" by this point. Greece is probably just about hanging on for now, and Slovakia, Latvia, Poland, Chile, and Hungary are basically there or thereabouts, but probably fall just short for the time being.

This sounds right
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