Posted: Mar 09, 2019 3:34 am
These terms rather outdated, now we tend to split between developed and developing countries, with failed states being the outliers. This kind of categorization very problematic with terms like 'tiger' economies being bandied around at some point, or ones like 'industrialized' being used even when the identified countries not actually industrialized just in the OECD group. If we want to be clear we maybe should speak of just GDP per capita categorizations, or other measures of success that have been used 'gross national happiness' has been been used although probably meaningless. Social mobility could be good but would perhaps make some of the wealthiest countries look bad. Surveys on corruption and functionality of states would give quite different measures again.