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Developed nation
The neutrality of this article is disputed.
Developed nations are countries that have achieved (currently or historically) a high degree of industrialization, and which enjoy the higher standards of living which wealth and technology make possible. There is a strong correlation between countries having this type of status and their possessing robust democratic institutions.
Countries not belonging in this category are sometimes euphemistically called developing nations , underdeveloped nations , or, in extreme cases least developed countries . Other terms sometimes used to describe the dichotomy are first world/third world (the second world was once reserved for Communist countries), North /South , or industrialized countries/non-industrialized countries. The term Western countries has similar, though not identical, connotations.
According to the CIA World Factbook , the following countries are considered developed nations:
Africa
America
Asia
Europe
Oceania
And according to the International Monetary Fund (IMF)'s list of advanced economies , the following are also considered developed nations:
But not:
Additionally, the following East European countries are also commonly considered to be developed due to levels of industrial and infrastructural development, membership of the OECD or the European Union or a combination of these factors:
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