Developed countries benefit from robust infrastructure, diverse industries, and active participation in global trade, which collectively enhance their economies. Despite these strengths, they often face significant debt due to substantial spending on poverty alleviation.
By promoting education in these countries they could be more successful and intelligent. With these educational resources they can help their country with new ideas and a better education brings higher paying jobs to their country as well.
Poverty
All countries have some sort of poverty rate or problem but developing countries handle poverty on a much higher scale. Since they are not as successful they do not give as much to the poor as they would like to.
Underutilized Natural Resources
Developing countries may have all the natural resources available but they do not use them to their fullest potential.
Lack of infrastructures
Developing countries have a lack of infrastructures which makes them economically deprived.
Lack of technology
Developing countries do not have enough successful technology which gives them no opportunity for advancement.
Lack of industries
Developing countries lack industries which make them unsuccessful.
Developed
Global Trading
A developed country participates in global trade to enhance their countries goods and industries.
Wide range of industries
Mining, processing, manufacturing, education, health, scientific research and technology/ farming, primary production are all a part of industries in developed countries.
High debt
A developed country has a lot of debt because large amounts of money are spent on poverty.
High Population
A developed country has a large population because it gives them more access to funds and ways of tax. More people also means that more developed countries have infrastructure.
Infrastruture
A developed country has strong infrastructure which makes the economy great because it provides services and facilities to the public.