List of developing countries. Third World in a Unipolar System

Third world countries, or, as they are called, developing territories, is a vivid confirmation of the economic principle of “80% -20%”. Only here is the ratio of population and gross domestic product to the world. With 80% of the world's population, they produce and consume 20% of world GDP. Today, a list of developing countries opens China. According to Bloomberg (the largest provider of financial information in the world), China's GDP growth over the next four years will be 46%. Such expansion will provide the Chinese economy with almost global dominance. To our chagrin, Russia is 9th on the Bloomberg list.

Who falls into this category?

The indicators by which states are included in the list of developing countries are GDP growth, the ratio of government debt to GDP, inflation, and the coefficient of the ease of doing business category. So, doing business on this version in the Russian Federation is 21 points more difficult than in China. And this despite the fact that the coefficient of China is very high.

Imperfect world

So what is it - the developing countries of the world, the list of which is constantly updated? These are the states of Asia, Africa, and Latin America, characterized by an agrarian and raw material economy and a rather poorly developed manufacturing industry, rapid population growth, and low level of education. But such a definition would be more suitable for the pre-perestroika picture of the bipolar world. Now the list of developing countries includes all the republics of the former socialist camp, South Korea, Russia. The good news is that we are in the top twenty of them.

The heterogeneity of the list of third world countries

Today, developing countries, the list of which is opened by the most developed countries of Latin America (Brazil, Mexico, Argentina) and Asia (South Korea, Singapore, Hong Kong), can be divided into five groups.

1. The first group includes those mentioned above.
2. The second group includes states characterized by a high share of hydrocarbon energy exports (OJSC, Kuwait, Qatar, Bahrain). These countries have a high per capita income (for obvious reasons), a favorable geographical position, and high financial and economic potential.
   
3. The third group of countries included in the list of developing countries is the largest. This includes former colonies with an average per capita income (for this group of states), with the same average economic and production potential (Tunisia, Colombia, Guatemala).
4. The fourth is made up of states with vast territories, a huge population, with great investment attractiveness, but low per capita income (Pakistan, Indonesia, India). It is the latter factor that inhibits the development of these states.
5. And the outsiders of the global economy close the list of developing countries - countries lagging behind in all macro- and microeconomic indicators (Afghanistan, Ethiopia, Chad, Honduras). They are characterized by an uncomfortable economic and geographical position, undeveloped industry, the main branch of the economy is agriculture.