ECONOMIC DEVELOPMENT – NOTES
Other high-income economies
- high-income countries that have one or two
highly developed export sectors but in which
significant parts of the population remain
relatively uneducated or in poor health for the
country’s income level may be viewed as still
developing. Examples may include oil exporters
such as Saudi Arabia and the United Arab
Emirates.
- upper-income economies also include some
tourism-dependent islands with lingering
development problems. Even a few of the high-
income OECD member countries, notably
Portugal and Greece, have been viewed as
developing countries at least until recently.
