Developing countries are generally defined as those nations that have a lower average Human Development Index (HDI) than developed nations. This definition is somewhat disputed. There is also very little agreement as to what countries fall into this classification. Some countries such as Brazil, India, and China are considered to be “developing” in the technical […]
The third world countries are known for their problems with corruption, unemployment and poverty. Most of the third world countries are in the developing world and have low income levels. The word “third world” evolved during the cold war to describe countries that remain non-aligned towards either NATO or Warsaw Pact. These days, there […]
It has been said that the richest country in the world is the United States. The U.S. has the third largest economy in the world and is second to China in terms of Gross Domestic Product (GDP). Here is a list of the ten Richest countries in the World 2020, ranked according to GDP (Gross […]