Comparison of Residents' Consumption between Developed and Developing Countries

This is a very broad and complex topic that requires a lot of research and analysis. However, based on the web search results, I can provide you with some general information and insights.

Residents’ consumption refers to the amount and pattern of goods and services that people consume in a given period of time. It is influenced by many factors, such as income, prices, preferences, culture, environment, and policies. Residents’ consumption is an important indicator of the standard of living, well-being, and development of a country or a region.

Developed and developing countries have different levels and structures of residents’ consumption. Generally speaking, developed countries have higher per capita consumption than developing countries, and they consume more of the non-essential and high-quality goods and services, such as education, health, ICT, personal care, and financial services. Developing countries, on the other hand, have lower per capita consumption and they consume more of the basic and low-quality goods and services, such as food, clothing, housing, energy, and water. This reflects the differences in income, prices, and availability of goods and services between the two groups of countries.

However, there are also variations and changes within and across the developed and developing countries. For example, according to the Global Consumption Database, the lower consumption segments in developing countries spend more than the middle and higher consumption segments combined, and they spend $2.3 trillion a year on food and beverages alone. This shows the inequality and poverty that exist in many developing countries. On the other hand, some developing countries, especially in East Asia and Europe, have achieved rapid economic growth and social development, and have reduced their gap with the developed countries in terms of residents’ consumption. This shows the convergence and catch-up that occur in some developing regions.

Another example is the natural resources consumption gap between the developed and developing countries. According to CGTN, the population from rich nations consume 85 percent of world’s timber production, and 72 percent of steel production, and their per capita consuming level is of nine to 12 times the amount of the equivalent of the developing countries. This shows the environmental impact and sustainability issues that arise from the different consumption patterns of the developed and developing countries.

Therefore, the comparison of residents’ consumption between developed and developing countries is a multifaceted and dynamic topic that involves economic, social, cultural, and environmental aspects. It can help us understand the similarities and differences, the trends and challenges, and the opportunities and risks of the global development.