• Countries with relatively high levels of economic growth and security are considered advanced economies.

  • Common evaluation criteria include per capita income or per capita gross domestic product.
  • If the per capita gross domestic product is high, but the country has poor infrastructure and income inequality, it will not be considered an advanced economy.
  • Non-economic factors, such as the human development index, can also be used as criteria.
  • Globalization often helps developing countries achieve higher levels of income and living standards.