developing country

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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 ?
It is incumbent on the Latecomer lesser developed countries to bridge this perception gap by expeditiously taking the steps recommended earlier, in order to increase confidence among potential investors.
As residents of lesser developed countries continue to be exposed to high levels of biomass smoke at home or at work and continue to immigrate to developed countries, it is important that health care providers in developed countries learn to recognize this clinical entity.
In many of the lesser developed countries, less than 10 percent of the population is enrolled in educational institutions.
Representatives from several of the lesser developed countries were also incensed by what they viewed as hubris by the United States, the European Union, Japan and other nations in their efforts to force an agreement.
And at the policy level, digital fabrication has variously been seen as a way to help industrialize lesser developed countries and to reindustrialize nations that have adopted service economies.
Hurst plans to donate the tools to charity for use in lesser developed countries.
And this is especially an area of focus for lesser developed countries who have lesser capabilities of adapting to climate change.
Charles Kane is the CFO of One Laptop per Child (OLPC), a non profit organization that provides technology to enhance education in lesser developed countries.
Joseph's Hospital Heart Institute in Tampa and is head of the internationally recognized Heartbeat International which donates life saving pacemakers in lesser developed countries.
Carpenter's views on social responsibility and environmental issues were shaped from his early experiences growing up in lesser developed countries, and his service in the United States Army, the United States Agency for International Development and the United States Peace Corps.
He added: "This is a giant step in our effort to protect healthcare workers in lesser developed countries from potentially deadly accidental needlestick injuries.