Assorted Structures and Common Characteristics

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2. Characterization of Economies. World Bank characterizes 208 economies (population=/> 30,000) in light of gross national wage per capita, 2000 LIC=/< $755LMC=$756-$2995UMC=$2996-$9265High-pay OECD=/>$9226Other high-wage countriesDifferent order of other-high pay nations .

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´╗┐Various Structures and Common Characteristics Study of Developing Nations

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Classification of Economies World Bank groups 208 economies (population=/> 30,000) in view of gross national pay per capita, 2000 LIC =/< $755 LMC =$756-$2995 UMC =$2996-$9265 High-wage OECD =/>$9226 Other high-pay nations Different order of other-high salary nations

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Classification of Economies Gross National Income is the aggregate last yield of merchandise and enterprises delivered by the economy, in addition to net component wage from whatever is left of the world, less deals charges Gross local item (GDP) + net element installments = Gross national item (GNP) GNP-deals charges = Gross national wage

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Classification of Economies

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Classification of Economies

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Classification of Economies

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Structural Diversity of Developing Economies Size (land, populace) and pay of the nation Historical and frontier foundation Physical and HR blessings Ethnic and religious sythesis Relative significance of open and private areas Nature of its mechanical structure Degree of reliance on outside financial and political powers Distribution of force, institutional and political structures

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Structural Diversity of Developing Economies: Population and Income

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Structural Diversity of Developing Economies: Industrial structure

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Structural Diversity of Developing Economies: Important perceptions There is no fundamental connection among a nation's size, per capita pay, and level of fairness/imbalance Colonialism uncovered African and Asian nations to new types of potential misuse and have brought about various institutional and social examples Except for the Persian Gulf oil states, most creating nations have insignificant enrichments of crude materials and minerals

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Structural Diversity of Developing Economies: Important perceptions Ethnic and religious clashes have turned out to be visit post icy war. Indigenous populaces keep on being victimized in Latin American nations. Malaysia and Mauritius are special cases Most creating economies have blended monetary frameworks and the level of debasement contrasts broadly crosswise over nations Majority of creating nations are agrarian and farming is a lifestyle for the general population.

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Structural Diversity of Developing Economies: Important perceptions The different premium and power bunches among various fragments of the populaces in a creating nation is a consequence of their financial, social, and political history Case Study of Brazil and Costa Rica

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Common Characteristics of Developing Nations: Low levels of living and wage disparity Extent of Poverty Health portrayed by high IMRs and lack of healthy sustenance Low levels of training and education Low levels of work efficiency High rates of populace development and reliance loads Substantial reliance on farming generation and essential item sends out Prevalence of Imperfect markets and deficient data Dominance, reliance, and powerlessness in worldwide relations

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Income imbalance: Per Capita Gross National Product in Selected Countries, 1997 (in U.S. dollars at authority trade rates)

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Income: Comparison of GNP Per Capita

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Income crevices : development rates of genuine GNP per capita (avg yearly development)

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Distribution of Income

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Poverty : Share of populace living on < $1/day * Increase in total number of individuals

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Health: Infant Mortality Rates in Selected Countries, 1998 (per 1,00 live births)

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Health and Education: Indicators

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HDI and GDP Ranks

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HDI varieties for comparative salaries, 1999

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Population and Labor Force

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Composition of World Exports (rates of essential and fabricated items)

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Composition of World Exports (rates of essential and made items) Markets are blemished in creating nations because of: Economies of scale Thin markets for some items because of constrained request Widespread externalities (great and awful) Prevalence of basic property assets Incomplete data Information is expensive to acquire

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