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A country must have various different factors in order to be a developed country. These factors fall into 4 categories: Social, Environmental, Economic and Political. The most important one out of these is Political as this affects the way that the country is run and how valuable their government is to the country and whether it yields positive effects. A development indicator measures this - it is called “The Corruption Perception index”. This is the most important as if the top of the hierarchy in a country is not good, they cannot hope to achieve development since their leadership does not allow them since if a government is corrupt, the country will not benefit. Also there is little for them to do about it. This is shown in a country such as Afghanistan, which scored eight out of a hundred in the CPI, putting it at the bottom of the index, compared to a country such as the UK which scored 76 out of 100.
The next main factor is Economic. This is very important as if a country is not economically developed, they cannot play an impactful part in the world and, at times, cannot benefit from Foreign Direct Investment or international trade. This is shown in Somalia, where the GDP is 292 per year, and thus the country is in a very unfortunate state today. This development indicator is called “Gross Domestic Product”. This shows the average money made within a country, showing how economically advanced they are. This would also affect the quality of life, as with political (where it affects political unrest and corruption). This is because if the average income is high, the people there can afford first world luxuries and can benefit from this type of development. They can afford a lot more and the country can become richer through internal trade.
The last factors, Social and Environmental, are not as important as the other two. This is because it is possible to make errors while measuring these, such as the Gender Inequality Index, which could be given false measurements by cultures of some countries despite their development.
A country must have various different factors in order to be a developed country. These factors fall into 4 categories: Social, Environmental, Economic and Political. The most important one out of these is Political as this affects the way that the country is run and how valuable their government is to the country and whether it yields positive effects. A development indicator measures this - it is called “The Corruption Perception index”. This is the most important as if the top of the hierarchy in a country is not good, they cannot hope to achieve development since their leadership does not allow them since if a government is corrupt, the country will not benefit. Also there is little for them to do about it. This is shown in a country such as Afghanistan, which scored eight out of a hundred in the CPI, putting it at the bottom of the index, compared to a country such as the UK which scored 76 out of 100.
The next main factor is Economic. This is very important as if a country is not economically developed, they cannot play an impactful part in the world and, at times, cannot benefit from Foreign Direct Investment or international trade. This is shown in Somalia, where the GDP is 292 per year, and thus the country is in a very unfortunate state today. This development indicator is called “Gross Domestic Product”. This shows the average money made within a country, showing how economically advanced they are. This would also affect the quality of life, as with political (where it affects political unrest and corruption). This is because if the average income is high, the people there can afford first world luxuries and can benefit from this type of development. They can afford a lot more and the country can become richer through internal trade.
The last factors, Social and Environmental, are not as important as the other two. This is because it is possible to make errors while measuring these, such as the Gender Inequality Index, which could be given false measurements by cultures of some countries despite their development.
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