Economic development and Nigeria

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Difference between Economic development and Nigeria

Economic development vs. Nigeria

economic development wikipedia Economic development is the process by which a nation improves the economic, political, and social well-being of its people. Nigeria, officially the Federal Republic of Nigeria is a federal republic in West Africa, bordering Benin in the west, Chad and Cameroon in the east, and Niger in the north.

Africa

Africa is the world's second largest and second most-populous continent (behind Asia in both categories).

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Developed country

A developed country, industrialized country, more developed country, or "more economically developed country" (MEDC), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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Life expectancy

Life expectancy is a statistical measure of the average time an organism is expected to live, based on the year of its birth, its current age and other demographic factors including gender.

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Poverty

Poverty is the scarcity or the lack of a certain (variant) amount of material possessions or money.

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Primary education

Primary education and elementary education is typically the first stage of formal education, coming after preschool and before secondary education (The first two grades of primary school, Grades 1 and 2, are also part of early childhood education).

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South Korea

South Korea, officially the Republic of Korea (대한민국; Hanja: 大韓民國; Daehan Minguk,; lit. "The Great Country of the Han People"), is a country in East Asia, constituting the southern part of the Korean Peninsula and lying east to the Asian mainland.

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Sudan

The Sudan or Sudan (السودان as-Sūdān) also known as North Sudan since South Sudan's independence and officially the Republic of the Sudan (جمهورية السودان Jumhūriyyat as-Sūdān), is a country in Northeast Africa.

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World Bank

The World Bank (Banque mondiale) is an international financial institution that provides loans to countries of the world for capital projects.

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World Bank Group

The World Bank Group (WBG) (Groupe de la Banque mondiale) is a family of five international organizations that make leveraged loans to developing countries.

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