Analyzing Global Economic Disparities and Growth
DOI:
https://doi.org/10.29145/eer.81.04Keywords:
developed countries, developing countries, economic indicators, developing economies, emerging markets, human development index, income inequality, globalization, sustainable economic growthAbstract
The current study aimed to analyse global economic disparities through the
lens of international classification systems, such as those of the United
Nations, World Bank, and International Monetary Fund (IMF). Countries
are grouped into developed, emerging, developing, and least developed
economies based on indicators, such as Gross Domestic Product (GDP) per
capita, GDP adjusted for Purchasing Power Parity (PPP), industrialization
level, and human development indices. The research highlighted how such
classifications reveal structural imbalances in global wealth, production,
and living standards. Using 2022–2023 data, the study compared economic
performance across major regional and institutional groups including the
European Union (EU), the Group of Seven (G7), and fuel-exporting nations
to identify key patterns of inequality and growth potential. Findings showed
substantial variation in income distribution and productivity, underscoring
the importance of targeted policy, investment, and development strategies.
These insights contribute to a clearer understanding of how global
classifications inform sustainable growth and international cooperation.
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