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Analyze Globalization's Impact on Singapore's Development

Categories Development, Globalization, Life

Essay, Pages 2 (336 words)

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Essay, Pages 2 (336 words)

A group of industrialized nations including Australia, Austria, Canada, France, Germany, Italy, Japan, the I-JK, and the United States are called developed country. Kofi Annan, former Secretary General of the United Nations, defined a developed country as follows: “A developed country is one that allows all its citizens to enjoy a free and healthy life in a safe environment. “Developing country’ is a term generally used to describe a nation with a low level of material well-being.

Countries with more advanced conomies than other developing nations, but which have not yet fully demonstrated the signs of a developed country, are categorized as developing country.

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Developing countries are in general countries which have not achieved a significant degree of industrialization relative to their populations, and which have, in most cases a medium to low standard of living. There is a strong correlation between low income and high population growth. A developing country can be a result of many characteristics: resources, historical background, population, economic structure and ystem.

They are basically under developed country that reflects a failure to gain levels ot living throughout most ot their population. Yet there nas been a signitlcant improvement by these countries general level of living as growth. “Under-developed country’ is a term generally used to describe a nation with lack of access to Job opportunities, health care, drinkable water, food, education and housing. Underdevelopment takes place when resources are not used to their fullsocio-economic potential, with the result that local or egional development is slower in most cases than it should be.

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Furthermore, it results from the complex interplay of internal and external factors that allow less developed countries only a lop-sided development progression. Underdeveloped nations are characterized by a wide disparity between their rich and poor populations, and an unhealthy balance of trade STATISTICS It is considered that the countries with more than $735 per capita income per year is termed as developed country. In 2002 PCI was $480. So, Technically India is a Developing country not a Developed Country.

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Analyze Globalization’s Impact on Singapore’s Development. (2018, Nov 04). Retrieved from https://studymoose.com/analyze-globalizations-impact-on-singapores-development-essay

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