Developed nation is a country which has highly developed
economy and advancement in scientific fields. The development of a nation is
measured by a scale known as Human Development Index. It compares various
aspects such as standard of living, percentage of literate people, life
expectancy and quality of life.
HDI means the “Relation between the Gross Domestic
Product, Per Capita Income and level of Industrialization.”
Based on this index, countries will be classified as:
Very High Human Development, High Human Development, Medium Human Development
and Low Human Development.
For further detail about country click on country name
Norway is a highly developed country among all the
countries of the world. The government of Norway provides its people higher
level of education, lower corruption level, lower unemployment rate, higher
standard of living and higher life expectancy (about 80 years).Norway has one
of the largest natural resources such as petroleum, seafood, natural gas and
metallic ores. Banking, Metallic production and Foods & Beverages are few
of the sectors which flourished well in Norway.
Australia is ranked Number 1 in many factors such as
literacy rate, low corruption level, high quality of life, economic freedom and
civil rights. There is most stable government. This is one of the countries
with high per capita income and low level of poverty. Three cities of Australia
featured in the top 10 list of world’s most livable cities. Their HDI index is
0.938
Literally this is the Capital of the world. As America is
spiraled down by massive debts, the exports of whole world reached its new down
level and it resulted in global recession. It is reported that life expectancy
of Americans are considerably less due to obesity. Nearly one third of the
children in U.S. suffer from obesity. They have trading alliance with almost every
country in the world. They are the hub of automobile, chemical, food and
beverages industry. Their HDI index is
0.937 and by the last year they stood at number 4 position.
This is the second highly developed
European economy. The people of Netherlands are the happiest people in the
world having low taxes, less corruption, high education standards and good
health care facilities. Like many other developed countries, they provide good
support for the growth of industries. Leading sectors of this country’s economy
are shipping, banking, trade and fishing. Electrical, chemical, machinery and
metallurgy industries flourished here. Some of them are Unilever, Philips, ING
and Heineken. Their HDI index is 0.921. Last year they stood at 3rd position
and now they have descended in to 4th position.
Germany has the
largest population among the European countries (83 million) holds the position
3 in the Highly Developed status among its European counterparts. The literacy
rate among the representative of the government is 99%. They have high skilled
force and low level of corruption. Germany has the headquarters of many
Multinational companies like Volkswagon, Daimler, Siemens and BMW. This is one
of the hot tourist spot destinations and they are known for their marvelous
buildings, inner architecture, and rich bio diversity. Their HDI index is
0.920. In the previous index, they stood at 8th rank and now
they accelerated to this position.
New Zealand is a group
of some remote islands. Life expectancy for an average citizen is 80 years. It
is a nice tourist destination. It contains a beautiful landscape and
flourishing flora& fauna, it attracts flocks of tourists every year.
Besides tourism, industries and trade also contributed to the growth of New
Zealand. Various products such as gold, kauri gum, timber products were
manufactured and exported. Country suffered from higher economic depression
during 1981 and 1982 due to the Oil and Energy crisis. Then several governments
controlled situation by 1984. Their HDI index is 0.919.
Country consist of 4.5
million people, is on the rapid developing phase. Nearly 99% of the people are
educated and their life expectancy is 79 years. Multinational companies invest
in Ireland. That is the major reason for the development of Ireland. In the
early 1990’s there was a great change in consumer spending and construction
& infrastructure. This period is known as Celtic Tiger period. The growth
gradually increased till the year of 2007. Their HDI index as given by UNDP is
0.916
8. SWEDEN:
8. SWEDEN:
Country exists in
borders between Norway and Finland is one of most developed countries in the
world. Millions of tourists visit this country year after year. This is because
since ancient times, Sweden has preferred peace over war. It is one of the
countries which believe in environmental friendliness and ‘Go Green’ is one of
the most famous policies formulated by the Sweden government. Its growth is
attributed to the factors such as trade, industry and agriculture. Sweden’s
economy is the 8th largest exporter among all the countries of
the world. It is the home for 20 largest companies of the world such as Volvo,
Ericsson, Sony Ericsson mobile communications and Electrolux. Recent survey
showed that this country ranked the highest in telephone and internet
connections. The HDI index is 0.916
Switzerland is one of
the richest nations of the world with having highest wealth per adult. Its
cities Geneva and Zurich has been ranked as the 2nd and 8th highest
quality of life in the world. This also has the highest ‘Economic Freedom
Index’ among other European nations. Though Switzerland is not much
technologically advanced as compared to Japan, it leads Japan in terms of
Highly Developed status. This country is one of the most stable economies. It
is due to their political stability. That is why they are able to attract large
number of foreign investors. Their HDI index is 0.913
This is one of the top
three developed economies in the Asian region. This is the ‘third largest
economy’ in terms of GDP. This growth is attributed to their advancements in
the infrastructure and technology field like Hydro power, Industrial Robotics,
Chemical, Automobile and Machinery. To mention about their infrastructure, they
do make use of natural gas, water and nuclear power to generate the electricity
required. They had also established themselves as one of the nations with high
life expectancy and low morality rate. Their HDI index is 0.912