According to the interactive map corresponding to the latest human development report, more developed areas in the world are Europe, North America, most countries in South America, North part of Asia, North part of Africa, Australia, New Zealand, Japan, South Korea and Malaysia. Most countries in Africa and South part of Asia are considered as less developed areas. On the line graph we can see an upward trend in development for most of the countries. Moreover, some countries have been developing faster then others such as Korea, China (Hong Kong), Spain, France, Germany, Iran, Malaysia, Tunisia, Egypt, Singapore, India, Morocco and Norway – the most advanced country in the world; in contrast, the development of Greece, United Arab Emirates, Bahrain, Paraguay, Cyprus and Portugal is going down last years. Also, most of the countries that were part of Union of Soviet Socialist Republics such as Russian Federation, Ukraine, Kyrgyzstan, Moldova and Tajikistan had a regress during the period 1990 – 2000.
Human development Indicators show that some countries stay fixed such as Norway, Sweden, Canada, Belgium, Andorra, Croatia, Qatar, Cuba, Slovenia, Bahamas, Liechtenstein, Ireland, Kuwait, Dominica, Bosnia and Herzegovina, which are high-developed countries. Besides, both Luxemburg and Italy have the same level of development last 10 years; likewise, Untied States of America and Australia are developing very similar to each other during 1980 – 2013. Tonga, Botswana, Namibia, Kyrgyzstan, Fiji, Belize, Samoa and Jordan are examples of medium HDI countries that stay invariable. In addition, almost all countries with low human development are perfecting slowly, so they haven’t progressed or regressed a lot since 1980. For example, Central African Republic, Côte d'Ivoire, Congo, Democratic Republic of the Congo, Zambia, Lesotho, Zimbabwe and Kenya had not significant fluctuations in HDI. Nevertheless, Nepal, Pakistan, Bangladesh, Myanmar, Benin, Rwanda, Afghanistan and Yemen are developing faster than their neighbor countries with low human development.
The Bahamas is a high-developed country, where HDI is over 0.8. Furthermore, it is one of the wealthiest Caribbean countries with an economy strongly dependent on tourism and outside banking. Tourism contributes an estimated 61% to GDP and the US accounts for an estimated 87% of total arrivals. Thus, given the global financial crisis and US decline: visitor arrivals have declined by 4.5% in 2008, tourism’s output has decreased for three consecutive years because of lower occupancy rates and reduced visitors spending. Financial services are the second-most important sector of the Bahamian economy and account for about 36% of GDP although the financial services sector remains minimally exposed to financial contagion the outlook for this sector is guarded. Manufacturing and agriculture combined contribute less than a 10th of GDP and show little growth, despite...