First World vs Third World Countries - What's the Difference ? | Developing vs Developed Countries.

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You must have heard that countries are divided into three sections. First world, Second world and Third world countries. But have you ever though what makes a country developing or developed ?
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Chapters:

00:00 - Intro
00:40 - Developed countries according to United Nation
01:13 - Developing countries according to United Nation
02:13 - Factors that determine  
03:14 - What is GDP per capita?
03:54 - What is Human Development Index (HDI)?
04:40 - Characteristics of Developed countries
05:35 - Characteristics of Developing countries
06:35 - Examples.
09:38 - Why China is considered a Developing country?

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