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VIDEO SUMMARY Of the nearly 200 nations in the world today, some 25 are classified as developed nations. The others are known as developing nations. Developing nations generally share such characteristics as low per capita GDP, limited resources, rapid population growth rates, and traditional agricultural or one-crop economies. VIDEO OBJECTIVES - Identify the characteristics that developing nations share - Explain how scarcity of resources can affect a developing nation HIGH SCHOOL SOCIAL STUDIES CONTENT EXPECTATIONS (MI) - E.3.1: Economic Systems (3.1.1) WEEK 12 RESOURCES Instructional Video Notes for Economics :: Week 12 - http://goo.gl/WKgdE Quizlet flashcards for Economics :: Week 12 - http://quizlet.com/_7pygx Information and illustrations, where applicable, are used under 17 U.S.C. § 107 (fair use in teaching and for educational purposes) from Holt Economics (Holt Rinehart & Winston, 1997)