MEDCs vs LEDCs: Globalization's Impact on Trade and Development
Classified in Geography
Written on in English with a size of 3 KB
More Economically Developed Countries (MEDCs)
(Australia, France...)
- High life expectancy
- Exporting of manufactured goods
- Compulsory secondary education
- Low birth rate
- High status for women
- High employment in the tertiary sector
- High number of older people
Less Economically Developed Countries (LEDCs)
(India...)
- Poor healthcare
- Exporting of mainly primary products
- High infant mortality rate
- Low life expectancy
- Low literacy rates
- High employment rate in the primary sector
- High proportion of young people
- Limited access to clean water
Globalization: Different Aspects
Politics
- Global problems: Financial crises, climate change, terrorism
- Global actors: European Union, G-20, United Nations, Non-Governmental Organizations (NGOs)
Economy
- Decrease in the cost of transporting