Developing, emerging and developed countries

1. Developing countries are those that have not yet attained a considerable level of industrialization in relation to their populations and, in most cases, have a medium to low standard of living.

1.1. Chile, Ukraine, Iran, Mexico

1.1.1. primary sector is agriculture and commodities, low level of education with inediquate infrastructure and low foreign investments

2. Developed These are countries with developed economy, high per capita income, and high GDP.

2.1. USA , Canada, Britain ,Japan,New Zealand,Switzrland

2.1.1. characterized by high level of education. Capitalist economy,minimum regulations high foreign investment and well developed infrastructure.

3. Emerging These markets are experiencing tremendous growth and development, but their household incomes and per capita income are lower.

3.1. Brazil, Russia, India, China, and South Africa

3.1.1. Characterised by moderately free and somewhat repressed, moving towards capitalist. improved economic liberation with moderate but improving infrastructure