The aim of this study is to quantify the way developments are measured across developing countries. In this study, an assessment of comparative economic growth performance was made. In industrial market economies, labor productivity and per capita income levels have shown a tendency to converge since the last century and especially since the Second World War. The fact that the income levels of the countries are clearly converging and the developing countries tend to grow more rapidly than the developed countries has brought the developing countries closer to developed countries. This convergence in labor productivity is manifested in various indicators. In this context, it is mentioned how these large differences in the countries in this work occur, how these big gaps between the countries continue and even expand in the present world where goods and services and information transfer are fast and relatively cheap. It is seen that this change is very different even among developing countries, while some countries are making very rapid progress, while others are developing relatively slowly. In this article, answers to these questions will be sought and the ten most important characteristics of developing countries in comparison to developed countries (low living standard, low human capital, higher inequality and absolute poverty level, higher population growth rates, greater social franconization, and the abandonment of colonial effects such as rural-to-urban migration, low industrialization level, adverse geography, underdeveloped financial and other markets, and lingering colonial impacts such as poor institutions and often external dependence).
Comparative Economic Development, Economic Growth Performance, Developing Countries, Developed Count
|Author :||Gülsüm Şeyma KOCA|
|Number of pages:||397-413|