There are about 194 countries on earth, or rather: states. These can consist of small islands, such as Palau. And there are so-called giant countries like India or Russia. Which country has which economic status in the world economic order is differentiated by the terms developing country, emerging country and industrialized country. In this article, we will show you what these terms mean.
Examples for developing countries in Europe (2017):
- Moldova, Rep.
- Serbia and Montenegro
Examples of emerging markets:
- South Africa
Examples for industrialized countries:
- Great Britain