More Developed Country (MDC)

First World Countries: These are developed capitalist countries characterized by political stability, democracy, rule of law & high standard of living etc., e.g., USA & most Western European nations

Gross Domestic Product (GDP): The total value of goods produced and services provided in a country during one year.

Human Development Index (HDI): A statistical tool used by the United Nations to measure a country's overall achievement in its social and economic dimensions. The social and economic dimensions of a country are based on the health of people, their level of education attainment and their standard of living.