What's the difference between "developed countries" and "developed economies"? Is there a specific difference in nuance?
Native speaker’s answer
Rebecca
In this case, “economies” is used synonymously with “countries/states/nations,” as it is speaking about the economies of these developed nations. You can think of “developed economies” as meaning “developed countries’ economies/the economies of developed countries.” Ex: Both developed and developing economies have been impacted by the pandemic. Ex: Developed economies generally have more robust social safety nets.