HSC Together > Year12 > Developing Economies, Emerging Economies, and Advanced Economies

Economics

Developing Economies, Emerging Economies, and Advanced Economies

There are three broad categories for the economies of the world based on their level of economic development:

  • Developing economies – those with the lowest economic development and a low HDI
  • Emerging economies – those with accelerating economic growth and development with an improving HDI
  • Advanced economies – those with high economic development and a high HDI

Watch the videos to find out more about the characteristics of developing economies, emerging economies, and advanced economies in HSC Economics: