Developing Countries

This week, we started to learn about developing and developed countries. We learned that to be a developed country, the nation will have a high GDP, a high standard of living, and have a market economy. A developing country has, obviously, a lower GDP, a lower standard of living, and a less developed industry. I think it's important that we know about developing countries because a good portion of the world are still developing nations. Developing nations are vital to global economies and even to a developed nation's economy. We rely on their resources and labor to aid our own country, as they rely on us for money and necessities.