Developing Countries in the World Economy

The development of society in the economic plan is a complex and multifaceted process that includes serious structural changes in the economic situation of countries and reflects the improvement of people's quality of life.

There is a classification of countries in the world economy, according to which developed countries (Sweden, Japan, the USA, France, Germany, etc.), developing countries in the world economy (India, Brazil, etc.) and countries with economies in transition (Central and Eastern Europe, the former republics of the Union, Vietnam, China, Mongolia, etc.). These groups of countries in the world economy are characterized by common parameters and patterns of development.

The economic development of individual countries is rather difficult to measure, it does not proceed in a straight line, along a single line. He is characterized by unevenness, alternation of periods of decline and growth, qualitative changes and quantitative shifts, positive and negative trends.

The appearance of different countries affects the features of their historical development. For example, the peculiarity of the development of the countries of Latin America and Africa is their multi-folding. It explains to her a slow change in the production relationship, which resulted in the stratification of one economic-social structure to another, new to the old ones.

Developing countries in the world economy today differ from the developed backwardness of their state in the economic and social aspects. Their underdevelopment reflects the state of the economy, characterized by a low level of industrial development of economic relations.

This is determined by the indicators of GDP per capita, the structure of GDP, the level of development of science, the state of technology, the quality and productivity of labor, etc.

Developing countries in the world economy are characterized by two aspects: general historical (which is manifested in the lagging behind of one type of social development from others) and modern (demonstrates the low level of development of countries at the current stage).

Developing countries in the world economy have common specific problems of economics and social development, which require special approaches that are different from those used in industrially highly developed countries.

Developing countries in the world economy have specific characteristics in foreign economic relations. Due to the low level of production and agrarian and raw-material specialization, these countries are oriented towards the industrial states of the West. Hence the relationship of economic subordination to the latter. Such relations are characteristic for all kinds of relations that are established and supported by developing countries with developed in the economic, political or ideological sphere. The degree of subordination (dependence) varies with the changes in the state of the international economy and the specifics of the socioeconomic development of these countries.

Developing countries, in fact, differ from the developed industrial and social structure of their entire society. As a rule, they do not yet have a stable and stable civil society and a strong desire to maintain the principles of the communal way of life.

The social structure of these countries was formed in a system of different civilizations and differed in socio-cultural content.

Developing countries today occupy a rather modest place in world production. They account for only about 18% of total world GDP and about 13.6% of world industrial production. Most of these countries are rich in human and natural resources.

According to the level of per capita GNP, developing countries are divided into high-income countries (Kuwait, Saudi Arabia, United Arab Emirates, Hong Kong, Singapore), medium (Africa) and low (Tropical Africa) income.