What separates the developed world from the transitional nations?
There are many factors that separate the developed world from the transitional nations. According to United nation Statistic Division, there are no fixed criteria to distinguish between developed and transitional world. However, socio-economic indicators, political maturity, condition of health and education sectors and general awareness of the masses are the factors most commonly used to make the distinction between developed and developing countries.
The biggest difference between the developed and the developing world lies in the socio-economic sphere. Developed countries are much more stable economically, they have high labor wages and they have lower unemployment rate. In contrast, the ...