What I Understand From Term Development

What I Understand From Term "Development"


   From what I understand from the term, a developed country, it is the dividing

line between an advanced country and  a developing country. It is generally

based on per capita income. Those with per capita incomes of less than one

fifth of the level of those in the US are considered 'undeveloped'.

   The definition is very similar to explanation of wealth and poverty. It also

suggests the balance of power between the two countries which are at different

stages of development.

   This definition of development is not totally agreeable because it is

quitecommon for a country's national income to grow quite substantially without

benefiting the poor sections of the country as much as the rich. In fact further

development could elevate poverty. This approach emphasises development now

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