When The Economy Speaks … Growing Economic Sectors

THE SHOCKING REVELATION OF WHY THE LESS DEVELOPED NATIONS STRUGGLE TO SHRUG OFF ITS DEVELOPING STATUS. DISCOVER THAT IT HAS NOT LOST ITS POWER BASE TO TRANSFORM ITSELF TO LIFT ITS STATUS. THE SAME POWER BASE THAT HAS TAKEN IT TO WHERE IT IS TODAY!

In the last 100 years, has any country gone from being “developing” to being “developed”?

Yes, there have been several countries that have transitioned from being classified as “developing” to “developed” over the past 100 years. These transitions are usually based on economic growth, improvements in infrastructure, advancements in technology, and overall development indicators. For example, developed countries have higher life expectancies, with an average of 75 years for men and 82 years for women.  Developing countries may have lower life expectancies, with an average of 63 years for men and 67 years for women.

However, developed nations do become “underdeveloped”/ ”developing” not because they lose some “development points” or anything like that, but most of the time because the rest of the world moves on without them. It can also be a result of severe political instability (Lybia), epidemics (China and Europe during the bubonic plague), severe natural disasters (Haiti), and war(Syria).

How does Botswana compare with Luxembourg?