Production Patterns

Production Patterns

Production Patterns

Introduction

The nations are attempting to gain further advancements, newer technologies and fresher and creative brains in order to cope up with the competing environment and globalized business of the 21st century. In such a competitive environment, the countries have been divided into two categories according to their growth and prosperity: less developed countries (LDCs) and more developed countries (MDCs).

For the purpose of comparison and analysis between the two, this essay utilizes America as a More Developed Country and Africa as a Less Developed Country.

Lease Developed Countries (LDCs)

The term 'LDCs' refers to such countries or nations, which depict the lowest indicators of the Human Development Index (HDI), and possess lowest socioeconomic development capability in countries around the world. The concept of LDCs was originated by the United Nations Organizations during late 1960s, and was further described as those countries which possessed low per capita income, lower nutrition, education, and health and development indices and were prone to higher economic vulnerability.

More Developed Countries (MDCs)

The term More Developed Countries (MDCs) is used to describe those countries which possess higher development level with respect to their economy, society and other growth aspects. They have higher per capita income, high GDP, and dominance of industrialization in the country. One of most important indices includes Human Development Index (HDI), and it is also at higher ratings in the developed countries. Besides these factors, the MDCs also exhibit better combinations of education, health, life expectancy and national income measures.

America and Africa

United States of America, or commonly known as America, is a country spread over a vast geographical area of 1.9 billion acres and posses mixed climatic features. The country has a scenic beauty of coastal planes, desserts, forests and mountains and hillsides. Having the capitalist nature of mixed economy, the country is known for its abundant natural resources, higher productivity, and has the largest national GDP in the world. Having a well-developed infrastructure and the largest Purchasing Power Parity, the country is the third largest exporter and the largest importer of goods and services in the world. The country has good trading relations with China, Japan, Germany, Mexico and Canada (Riascos & Carlos, 2003).

Africa, the less developed nation, is ranked as the poorest country in the world and it has topped the ten poorest countries in the list of other African countries. The rate of GDP growth is just over 37% annually, and the country has the highest population with half of it as illiterate. 8% of the country's area is covered up with the forest and a mixed climate type exists here. It is dry, hot and dusty and most of the northern region of the area is the victim of desertification. The United States Department of States, in its 2010 Human Rights Report, reported that Africa has many grave concerns including government abuses and the poor human rights records.

Production Patterns

United States of America, one of the major developed nations, has been experiencing a sharply growing production and ...