less developed country

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Also found in: Acronyms.

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.

less developed country (LDC)

A country with relatively low per capita income and little industrialization. Less developed countries have been major borrowers from a number of banks worldwide.

less developed country (LDC)

References in periodicals archive ?
It compares well with the system in the USA where a good proportion of the population are not covered by insurance schemes and their standard of care is more like what it would be in an under-developed country.
But Afghanistan is an under-developed country and these things have to come second to things like education and work.
Until now, Ireland has received generous regional and farm aid as it has always seemed a remote and under-developed country.
Health is wealth' and 'Prevention is better than cure', are two excellent sayings best suited for a third world and under-developed country like ours.
Another item in The Globe and Mail (November 17, 1993) recounts how, after spending a few years in an under-developed country in the South Pacific, international aid volunteer Rob Ferguson felt overwhelmed by the ability of North American television to drive people to lead lives "in a constant state of hyperbole.
NA: Pakistan still has culture of a typical under-developed country where human resources development is very slow, people still do business with references and personal relationships, merits are compromised, lack of competition, international business practices not adopted in its full form across the country due to various factors including corruption and vested interests.