During the Cold War, people would refer to countries who were unaligned to Western interests with the term ‘3rd world’, a term that after the fall of the Soviet Union, would start to represent developing countries. Trying to be politically correct, most people refer to 3rd world countries as being ‘developing’ ergo still in development, which is a nice way to say that they’re poor.
Make no mistake about it, 3rd world countries and ‘developing’ countries are pretty much the same poor countries we all know about. With this in mind, what exactly is a developed country and what are the standards to judge one by? If you’ll bear with us for a few minutes, we’ll try to find out what are the most developed countries in the world and why are they considered developed to begin with. Long story short, here are the ten most developed countries on Earth right now.
Singapore is one of the most prosperous countries on the planet, having raised its standard of living tremendously in just a few years. Enjoying a trade oriented market economy, Singapore has a GDP of $326.5 billion and about $60,000 per capita, along with the 4th longest life expectancy in the world. With an HDI of 0.901, people in Singapore have a life expectancy of 84.38 years, a lot longer than most other Asian countries.