Developed, developing and Emerging Market Economies (EME) | Economy Notes

Global Economic Classifications

Developed

Developed Economies

Characteristics

• High per capita income (>$12,696)
• Advanced technological infrastructure
• Service-sector dominated economy

Examples

USA, Germany, Japan

Challenges

• Aging populations
• Growth saturation
• Income inequality

Emerging

Emerging Market Economies

Characteristics

• Rapid GDP growth (>5%)
• Market liberalization
• Industrial diversification

Examples

India, China, Brazil

Challenges

• Economic volatility
• Structural issues
• Environmental costs

Developing

Developing Economies

Characteristics

• Low per capita income (<$4,096)
• Agriculture-dependent
• High population growth

Examples

Nigeria, Bangladesh, Haiti

Challenges

• Poverty
• Infrastructure gaps
• Political instability