The words developed and developing world are often used in writing as well as in speaking. The paper will present the differences between the words and their common understanding. The research question that will be answered is what is the distinction of the developed and developing world in the global capitalist system. The words developed and developing world are commonly used and understood in a way of the development. When one compares the global nations or countries, it can be an overall category which ranks the countries based on their stage of development in economic as well as in social and other areas. They are not very useful categories and also not very accurate since they only give an overall description and perception since they separate the world into two categories with one part of the world being more developed as another. All in all, the inaccuracy of the categories is obvious since there is a great difference inside of those categories. The term developed is used for the countries with high income compared to the developing country which have lower or middle income, which means that the distinction between emerging and advance countries is made.
Based on the Robinson systematic features of global capitalism based on the case of BRICS are showing that the world is still governed by the “hierarchical world steering committee (Robinson, 261-262) and that the capitalist order cannot be seriously challenged with new emerging economies, even though the BRICS represent for about 42% of the population and have accounted for more than half of the GDP growth rate globally (Robinson, 261). The emerging countries are participating in various groups and organization “are all capitalist societies, whose states are driven to accumulate on their geopolitical power and advance the interests of the corporations and elites on which they depend” (Robinson, 275). The membership in groups such as BRICS, G7, G8 and others are projecting themselves as representatives of the majority of the poorer countries (Robinson, 261). The author clearly shows the vast differences among the countries participating in various already mentioned groups, which shows their differences in foreign relations, investments and social factors. There can also be found similarities based on the demography with a younger population with the opposite trend for the future in comparison to advance countries, social, income and wealth inequality and urbanization (Robinson, 261-263), but cannot be the sole factor by which they can be defined as developing countries. Based on this article the author distinct between the emerging and advanced market, where the advanced countries are mostly western countries which have technological power and ultimately controls through the intellectual property and branding (Robinson, 274-278). The article relates to my argument about the vast differences between so called developing countries even though the author makes clear division among developed and developing one.
When considering the scalar issues my argument about inaccuracy is even more obvious. The world or the nations cannot be sufficiently explained with being developed or developing. The classification is oversimplifying the real world situation and the world, regions, countries, and nations should be more precisely defined. The categories are not valid since they do not represent a clear global definition what they actually mean. Invalidity can be found in the fact that countries differ a lot and more than half of the world cannot be defined by just one word. The words are very often used since people always categorized things and it is the same in the area of economics and development. The words are still frequently in use because major international organizations used the categorization and some still do. The World Bank and United Nations it its Development goals are just two most known cases.
Work cited
Bhowmik, K. Sharit. Another Production is Possible: Beyond the Capitalist Canon. London:
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Lichtenstein, Nelson. Wall-Mart: The Face of Twenty-Frist-Century Capitalism. New York:
The New Press. 2013. Print.
Robinson, William. BRICS and Transnational Capitalism. China’s Oil Strategy in Andean
Region. London: Routledge. 2015. Print.
