developing country

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Related to Developing countries: Underdeveloped countries

Less Developed Country

A country with lower GDP relative to other countries. Less developed countries are characterized by little industry and sometimes a comparatively high dependence on foreign aid. Less developed countries often undertake programs of development, with greater or lesser interventions on the part of the national governments. They are major borrowers from organizations such as the World Bank. While no strict definition of which countries are less developed exists, most countries that do not belong to the OECD are considered less developed. See also: International development.

developing country

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less developed country

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underdeveloped country

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emerging country

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Third World

country a country characterized by low levels of GROSS NATIONAL PRODUCT and INCOME PER HEAD. See Fig. 51 . Such countries are typically dominated by a large PRIMARY SECTOR thatproduces a limited range of agricultural and mineral products and in which the majority of the POPULATION exists at or near subsistence levels, producing barely enough for their immediate needs, thus being unable to release the resources required to support a large urbanized industrial population. The term ‘developing’ indicates that, as seen by most such countries, the way to improve their economic fortunes is to diversify the industrial base of the economy by, in particular, establishing new manufacturing industries and by adopting the PRICE SYSTEM. To facilitate an increase in urban population necessary for INDUSTRIALIZATION, a nation may either IMPORT the necessary commodities from abroad with the FOREIGN EXCHANGE earned from the EXPORT of the (predominantly) primary goods, or it can attempt to improve its own agriculture. With appropriate ECONOMIC AID from industrialized countries and the ability and willingness on the part of a developing country, the transition into a NEWLY INDUSTRIALIZED COUNTRY could be made.

Certain problems do exist, however. For instance, increases in real income that are achieved need to be maintained, which means keeping population numbers in check. Illiteracy and social customs for large families tend to work against governmental efforts to increase the STANDARD OF LIVING of its citizens. Also, most of the foreign exchange earned by such countries is by exporting, mainly commodities (see INTERNATIONAL TRADE). See ECONOMIC DEVELOPMENT, STRUCTURE OF INDUSTRY, DEMOGRAPHIC TRANSITION, POPULATION TRAP, INTERNATIONAL COMMODITY AGREEMENTS, UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT, INTERNATIONAL DEBT.

References in periodicals archive ?
Cadena added: "It is a now or never situation for the developing countries who must rise against their developed counterpart sin finding sustainable solutions to the impact of climate change.
Some developing countries are calling for a second commitment period under the Kyoto pact to require developed countries to make further reductions.
20) Similarly, Gould and Gruben, in a study of 95 developed and developing countries from 1960 to 1988 found only a marginal effect of IPR on economic growth.
Uri Dadush, director of the World Bank's Development Prospects Group, said, "Given the expected decline in global trade, both developed and developing countries need to resist the temptation to resort to protectionism, which would only prolong and deepen the crisis.
Similarly revealing about the existence of environmental concern in developing countries are non-state forms of environmentalism.
Ending World Hunger in Our Time--conducted recently by the Oakland Institute, shows that while the European and Canadian shift to local purchases is good it doesn't necessarily promote food security in developing countries.
Until now, Canada's food aid purchases in developing countries were limited by a 10 % ceiling.
Hutchison) convinced the Canadian Geoscience Council to sponsor another international workshop on Earth Science aid to developing countries during the 1974 GAC-MAC meeting in St.
International price cartels cost developing countries at least $10-24 billion per year.
But the decision is expected to encourage further WTO challenges of farm subsidies and to strengthen the negotiating position of developing countries that are asking the U.
Similar to Dragon's current strategy for the EPO product which has been approved in a number of developing countries and is in preparation to enter the European market, Dragon intends to commercialize the rhG-CSF initially in non-patented developing countries and will eventually extend the market coverage to developed countries upon expiry of the relevant patents.
This round of negotiations is much more difficult than previous rounds because developing countries are demanding concessions from developed countries.

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