... terms of industry, more economically developed countries are mainly highly technological and industrial, whereas dual economies charactyerise the developing world. Agricultural sectors are large, often run by families and any industry tends to be more basic and owned by outside economies. Population stability is also a notable difference. Developed economies support a stable, and often aging population whilst developing economies are often over populated. This high population growth holds back the growth of per capita income. In terms of trade, both types of economy work similarly, although countries with more industry trade more. Trade tends to be more a function of size, so large countries like China and the USA need to trade less as they have more of their own raw materials. In terms of diversity, developing economies usually relay on a smaller range of exports. Before assessing the growth of developing and developed economies, the problems of measuring growth, particularly in ...

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