Development is the act of improving something. It can be an idea, a business plan or even an organization. It can also be a process of increasing prosperity or wealth. Usually, a country is considered to be developing if its per capita income is growing. This means that the country is growing richer and able to afford more things.
Developed countries tend to be more peaceful and have less crime and armed conflict. They are also more likely to be democratic nations that give their citizens a say in the political system. The fact that developed countries are more prosperous also reduces inequality – something that many less developed nations struggle with. Inequality breeds resentment and is one of the main causes of crime, armed violence and pollical instability in a country. As a result, it is vital that all countries strive for development as it will help to reduce inequality and make the world a better place.
There is no universal definition of what it means to be a developed country or the process of development. This is because there are so many different theories and approaches to the topic. Some of these theories are more popular than others and therefore receive more attention. For example, complexity theory is becoming increasingly popular as researchers try to understand how different aspects of a country’s economic and social life come together to create a whole that is more than the sum of its parts.