HSC Together Year 12 Economics: Developing Economies, Emerging Economies, and Advanced Economies

Economics

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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:

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