Contrasts in development
There is no single way to calculate the level of development because of the variety of economies, cultures and peoples. Geographers use a series of development indicators to compare the development of one region against another. For example:
MEDCs are countries which have a high standard of living [standard of living: How much wealth a group of people have and the goods and services available to them. Life expectancy and literacy rate may also be taken into account. ] and a large GDP [GDP: Gross Domestic Product (GDP) measures the wealth or income of a country. It is the total value of goods and services produced by a country in a year. ]. LEDCs are countries with a low standard of living and a much lower GDP.
The map shows the locations of LEDCs and MEDCs. Most of the southern hemisphere is less developed, while countries in the northern hemisphere are more developed.
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.