A developed economy is one with sustained economic growth, security, high per-capita income, and advanced technological infrastructure.
Developed and Developing Countries: An Overview It's difficult to determine how best to quantify the difference between developed and developing countries. Although gross domestic product (GDP) is one ...
High GDP and diversified economies mark first-world countries. First-world countries rank high on UN's Human Development Index. Label "first world" has evolved due to its problematic connotations.