and it's comparison to the world community.
We group countries in three different groups.
- Developed countries
- Newly industrializing countries
- Developing countries
An industrialized country or more economically developed country (MEDC).
Newly Industrialized Country
(NIC) is a country whose level of economical development ranks somewhere between developing and first world classifications.
A poor agricultural country that is seeking to become more advanced economically and socially. Canada falls under the developed countries list.
Canada is ranked number 1 for Country Rep
Q: What do you think are the two most serious problems facing most developed countries?
A: The two more serious problems facing most developed countries are influx of immigrants and high per capita consumption.
Q: Assume that you thought that using three groups of countries was too complicated. How would you divide the world into only two groups? What would be the main disadvantage of having two groups?
A: The two groups that I would divide the world into would be Developed Country and Newly Industrialized Country. The main advantage of dividing the world into two groups is that it would be easier manage. The main disadvantage of only having two groups is that they won't be very specific.
Limitations of Grouping Countries
Some limitations of grouping countries is that even though a country is ranked low in one category that doesn't mean they aren't ranked higher in another category. It is not very accurate in stating the overall being of the country.