World development
World development, often referred to as global development, can be defined as a standard of living which affects the worldâs countries. There are many forms of classification linked to world development levels, such as Based on the World Bank's income classifications, a LIC has a gross national income (GNI per capita) of $1,045 or lower., and High income country. A country with gross national income (GNI) per capita higher than $12,476 (World Bank, 2017). . In simple terms it is easy to divide the world into rich and poor, but in reality there is a development continuum which is a sliding scale from very rich to extremely poor.
- Development Continuum - the Going along a line; in sequence. scale showing the path to development running from LICs to HICs
- Development Gap - the divide between the rich and the poor
The world's population is growing rapidly, and as of August 2017 stood at 7.3 billion people. The highest rates of population growth are occurring in low income countries (LICs), such as Zimbabwe, Malawi and Niger. Some countries are experiencing population decline, for example Japan, Russia and Ukraine.
Low-income countries (LICs) have very different economies to high-income countries (HICs). In HICs many people have formal jobs in which they have set hours, a monthly wage, healthy working conditions and they pay tax. Whereas people in LICs often work in agricultural jobs and informal jobs, in which they have no set hours or wage, unhealthy conditions, and pay little or no tax.
As a result, there is a huge contrast in a countryâs average income or A measure of the total income of a country, divided by the number of people in that country..
The map shows some of the worldâs global cities and the income group they belong to.