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TYPES OF STATES. INDUSTRIALIZED DEMOCRACIES (1 st World) COMMUNIST AND POST COMMUNIST (2 nd World) LESS DEVELOPED COUNTRIES (LDCs) (3 rd World) Newly Industrialized Countries (NICs). INDUSTRIALIZED DEMOCRACIES: CHARACTERISTICS. POLITICAL Stable liberal democracy ECONOMIC
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TYPES OF STATES • INDUSTRIALIZED DEMOCRACIES (1st World) • COMMUNIST AND POST COMMUNIST (2nd World) • LESS DEVELOPED COUNTRIES (LDCs) (3rd World) • Newly Industrialized Countries (NICs)
INDUSTRIALIZED DEMOCRACIES: CHARACTERISTICS • POLITICAL • Stable liberal democracy • ECONOMIC • High level of economic development
COMMUNIST AND POST-COMMUNIST: CHARACTERISTICS • POLITICAL: • Communist: one-party, authoritarian regime. • Post-communist: authoritarian, democratic, or somewhere in between. • ECONOMIC: • Communist: eliminate economic inequality. • Post-communist: transforming to incorporate capitalism.
LESS DEVELOPED COUNTRIES:CHARACTERISTICS • POLITICAL: • Tend to have authoritarian regimes. • Struggle with political development/stability. • ECONOMIC: • Limited economic growth
INDICATORS OF ECONOMIC DEVELOPMENT • Human Development Index • Measures overall well-being of society: • Health, education, & income. • 1= Very Good • 0= Very Bad