The constantly changing official definitions aside, the most popular view of a developed country is that the public infrastructure is good, strong social welfare net from govt, and "rich". But a lot of rich/developed countries come with late stage capitalism....and that comes with issues like high cost of living relative to purchasing power, and stagnant socio-economic mobility. Not sure about nordic countries......they are often reported as modern day paradises in media, but you have to stay there to know their reality
What does developed country mean?
Aug 10 2022, 12:13 PM
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