Level of economic development of the world countries
This project was about analysing the economic growth in industrialized countries and emerging markets as well as their similarities and differences within the economic globalization processes. By selecting relevant statistical data from the World Bank, we represented different indicators, such as GDP per capita, tariff rates, FDI and Export volumes in a direct comparison. If you want to find more info about this topic, then wait for the next post.
This map (screenshot) shows the seven different levels of economic development of the world countries:
Direct link to the interactive map : Interactive Map
Direct link to the WebGIS Service: WebGIS Service
Here are the results of the statistical evaluation of the selected indicators for economic development, published by the World Bank:
Increased factor mobility due to the reduced economic importance of national borders as well as more efficient division of labor, while simultaneously reducing import duties on goods and services are central characteristics of the economic globalization process (see fig. tariff rates).
The increasing global economic integration has led to a sharp increase in international capital movements and foreign direct investment. In particular, emerging markets with large potential sales markets such as China and Brazil are attractive locations for foreign direct investors. (see fig. FDI).
The increased trade relations through new global value chains have a positive effect on the exports of goods (see Fig. merchandise exports).
The economic globalization process ultimately leads to the creation of a dense network of new interdependencies in technology, investment, markets and political connections. The formation of new global economic centers and alliances, however, also lead to growing differences in the level of education, income and lifestyles.
However, the liberalization of the market and the expansion of supranational integration areas is primarily effects a rapid growth in wealth and economic development in emerging markets (see fig. GDP per capita).
Representation & Analysis: © GEOstata
Map basis: © 1995–2015 Esri
Data source (Economic Development of the world countries): © naturalearthdata
Data source (Indicators): The World Bank