... factors that one needs to take into consideration. Its also important to determine why the country is underdeveloped or not, and why isn't developing the way other countries are developed. There four theories that many scholars use in order to determine why a country is underdeveloped, such as modernization theory, dependency, Marxism theory, and imperialism theory. These theories listed differ in ... explaining why certain countries are considered underdeveloped or developing countries. But for the sake of this essay, I will only be discussing Marxism theory and apply it to a small cou...

• Word Count: 1415
• Approx Pages: 6
• Grade Level: Undergraduate

... general standard of living. For example, countries having a high GDP, per capita income, level of industrialization, life expectancy, education system are considered to be developed. These include Norway, United Kingdom, Australia, United States of America, France, Germany etc. Although, in contrast to the above mentioned, the number of developing and underdeveloped countries is high in the world. According ... to surveys carried out there are 46 developed countries, 42 least developed countries and the rest of which are progressing towards development. The least developed countries (LDC...

• Word Count: 1668
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate