What are some examples of developing countries?

In the Global North, some examples of the developing countries include: Haiti, Nepal, Afghanistan, and many of the countries in northern Africa. In the Global South, some examples of the well-developed countries include: Australia, South Africa, and Chile. "MDC" stands for More Developed Country and "LDC" stands for Least Developed Country.

What is a developed country compared to a developing country?

The countries which are independent and prosperous are known as Developed Countries. The countries which are facing the beginning of industrialization are called Developing Countries. Developed Countries have a high per capita income and GDP as compared to Developing Countries.

What is the difference between developed and underdeveloped countries?

This differentiation is based on the fact that most of developed countries are in the north and most of the developing or underdeveloped countries are in the south. The issue with this classification is that not all countries in the Global North can be called "developed," while some of the countries in the Global South can be called developed.