Division of World Nations

World Nations are divided into three - Developed Nations, Developing Nations and Least Developed Nations.

Developed Nations - Developed Nation is a country which has a highly developed economy and advanced technological infrastructure relative to other less developed nations. USA, Canada, France, England, Germany etc are considered as developed nations. Continent with highest number of developed nations is Europe. Singapore, Japan, South Korea are the developed nations in Asia.

Developing Nations - A Developing Nation is a nation with a low living standard, undeveloped industrial base and low human development Index (HDI) relative to developed countries. Economically backward states are known as developing nations. 'Third World Countries' is another term for developing countries. BRICS Countries are the fastest growing economies in the world.

Least Developed Countries - Least Developed countries exhibits the lowest indicators of socio economic development with the lowest Human Development Index ratings of all countries in the world. They are under developed economies in Asia, Africa and Latin America. They have very low GDP, Low Per Capita Income, High rate of Population and Unemployment. Example - countries like Ethyopia and Somalia.