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How is the global economy developing?

 

Claim: The global economy is developing differently in different parts of the world, with some countries being able to hold a stable economy, while some other countries are currently going through an economic crisis.

 

Evidence:

"Industrialised nations are fully developed nations whose economy has a large base of production capital and sophisticated banking, marketing systems and a variety of industries."

"Developing nations are often called les developed countries or LDCs. These nations include the poorest nations in the world and range to countries that have begun to build a fairly good economy based on production income. These kind of countries include Greece, Italy and many other countries that are affected by the economic crisis all around the world."

(Infoplease, 2008)

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