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 ?
wants to get rid of the U.N.'s current division between developed and developing nations. Stern noted that a 2007 study showed that by 2020, the all-time emissions of developing countries will exceed those of the developed world, due to emissions growth in large emerging economies like China and India.
The value of all arms transfer agreements with developing nations in 2011 was over $71.5 billion.
But the head of the United Nations Environment Program (UNEP), Achim Steiner, said a loose framework under which developing nations could apply for some of the money could be ready within three months.
[The following are excerpts from the Conventional Arms Transfers to Developing Nations, 1997-2004, August 29, 2005.
Neither the United States nor the European Union has shown much willingness to police credit card companies and other lending institutions, let alone teach developing nations to police consumer-lending markets in their own countries.
The threat of trade war is significant, which could have very negative side effects not only for the United States and China, but for many developing nations that can be disrupted.
Developing nations have said the fund is a vital for any deal in Paris in late 2015 to limit rising temperatures.
The talks have also proposed a "Warsaw Mechanism" which would provide expertise, and possibly aid, to help developing nations cope with loss and damage from extreme events such as heatwaves, droughts and floods, and creeping threats such as rising sea levels and desertification.
Each year many of the world's developing nations lose out on billions of dollars through corporations' use of tax havens, notes a report from ActionAid.
As long as the developed and developing nations continue to haggle about what they give and take, such meetings will continue to achieve little.
Launched in 2001 in the Qatari capital, the Doha Round of trade talks have repeatedly missed deadlines as industrialised and developing nations fail to agree on the level of cuts to industrial good tariffs and agriculture subsidies
UNITED NATIONS: Representatives from developing nations railed at the world's rich nations for failing to fulfill their commitments to increase financial aid, reiterating that developed nations are responsible for challenges like global warming that the poorer nations are now grappling with.

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