Tuesday 8 October 2013

Development

More recent terminology:
MEDCs - More Economically Developed Countries
LEDCs - Less Economically Developed Countries
LDCs - Least Developed Countries
NICs - Newly Industrialised Countries
RICs - Recently Industrialised Countries
Centrally Planned Economies
Oil Rich Countries


Development Continuum  Least -----> Most


Other forms of development

-Not everyone agrees with the western view of development which tends to be centred on money

-Sustainable development

-Participatory development - individuals and communities define and analyse their own problems, make their own decisions about direction and strategies for action and lead in those actions

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