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Chapter 16: Problem 7

Almost half of the people in the world live in (LO6) a) \(\mathrm{LDCs}\) b) \(\mathrm{NICs}\) c) industrialized countries

Short Answer

Expert verified
Almost half of the people in the world live in industrialized countries.

Step by step solution

01

Define the terms

First, let's understand the terms given in the exercise: a) LDCs: Least Developed Countries. These are countries with low income, human resources, and economic diversification. They usually have a low Human Development Index (HDI) compared to other countries. b) NICs: Newly Industrialized Countries. These are countries with a progressing economy and a growing industrial sector. They are in transition from being a developing country to becoming an industrialized country. c) Industrialized countries: These are countries with strong economies, high-income levels, and well-developed industries. They usually have a high HDI and are technologically advanced.
02

Compare the population of each category

Now that we understand the categories, let's compare their population: a) LDCs: These countries usually have a small population. In total, they represent a little over 1 billion people, which is less than half of the world's population. b) NICs: The population of NICs can vary, but generally, they have a larger population than LDCsand smaller than industrialized countries. However, their total population is also less than half of the world's population. c) Industrialized countries: These countries have the biggest total population among the three categories. These include countries like the United States, China, and India, which are some of the most populous countries in the world.
03

Identify the correct category

Based on the analysis done in Steps 1 and 2, we can determine that: a) LDCs: Less than half of the world's population. b) NICs: Less than half of the world's population. c) Industrialized countries: Almost half of the world's population. So, the correct category where almost half of the people in the world live is: c) industrialized countries

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