The Developing World

According to the World Bank the following 81 countries (including territories) are classified as "high-income.
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Sweden topped the rankings, scoring well across the board, especially for foreign aid donations. Australia only gave a quarter of the foreign aid Sweden does in a year. In terms of migration, Australia was listed as one of the world's most successful countries for adapting international students, but it failed in other ways. Germany was listed among the top three countries for the first time in the index's history, with significant improvements in aid, migration and for having some of the world's most open trade regimes.

The United States ranked 23rd. Australia also performed poorly around technology, with its 18th position mainly due to relatively low government support for research and development in the sector.

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The Developing World (DEVT) — The University of Melbourne Handbook

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More than , Australians opt out. According to the United Nations Statistics Division:. There is no established convention for the designation of "developed" and "developing" countries or areas in the United Nations system. The designations "developed" and "developing" are intended for statistical convenience and do not necessarily express a judgement about the stage reached by a particular country or area in the development process.

While there is a strong correlation between having a high HDI score and a prosperous economy, the UN points out that the HDI accounts for more than income or productivity. Unlike GDP per capita or per capita income, the HDI takes into account how income is turned "into education and health opportunities and therefore into higher levels of human development. Since , Norway —, — , Japan — and , Canada and — and Iceland — have had the highest HDI score.

Developed country

The top 47 countries have scores ranging from 0. Many countries [Note 2] possessing an HDI of 0. Thus, many "advanced economies" as of are characterized by an HDI score of 0. The latest report was launched on 21 March The Macanese government calculated the territory's HDI to be 0.


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These values place both Taiwan and Macau well within the list of countries with "Very high human development". This places both countries firmly within the category of countries with "Very high human development" as well. The dependent territories with HDI values equivalent to "Very high human development" were: Some institutions have produced lists of developed countries: The latter is not included here because its association of developed countries with countries with both high incomes and developed markets is not deemed as directly relevant. However many other institutions have created more general lists referred to when discussing developed countries.

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According to the World Bank the following 81 countries including territories are classified as "high-income economies". According to the International Monetary Fund , the following 39 economies are classified as "advanced economies": There are 22 permanent members in the Paris Club French: Club de Paris , a group of officials from major creditor countries whose role is to find coordinated and sustainable solutions to the payment difficulties experienced by debtor countries.

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This is the latest accepted revision , reviewed on 14 September For the magazine, see Industrialisation. For the investing classification, see Developed market. In , the government of Macau calculated its HDI as being 0.

Developing country

The World Bank classifies Macau as a high income economy along with developed economies as well as with few developing economies. Investopedia 16 April Retrieved 29 June The End of Poverty. New York, New York: World and regional groupings". United Nations Statistics Division. Archived from the original on 10 February Retrieved 13 May Archived from the original on 11 July World Economic Outlook, April , p.

Archived PDF from the original on 22 March Retrieved 11 April Archived PDF from the original on 26 December Retrieved 21 November International Organizations and Groups". Archived from the original on 9 April Retrieved 10 April