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 ?
And we call on developed nations to live up to their development finance commitments to assist developing nations.
Developing nations have insisted on a "mechanism" -- to show it was separate from existing structures -- even though rich countries say that it will not get new funds beyond the planned $100 billion a year from 2020.
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.
Developing nations continue to be the primary focus of foreign arms sales activity by weapons suppliers.
Speaking at the 31 ICA National Conference in Colombo hesaid Sri Lanka should position itself to link up with the developed nation producers who have strong niches in developing nation consumption.
Members of the Group of 77 called Tuesday for better cooperation amongst the world's developing nations and joint action on global challenges such as climate change, food security and poverty to promote their own interests.
* Global consumption of energy is expected to almost double in the next 25 years due to developing nations' appetite for fossil fuels.
The Copenhagen talks failed to produce a legally binding global agreement to cut emissions but developed nations did pledge $30 billion in "fast-start funding" for 2010-12 to help developing nations adapt to climate change.
This year's report notes that "developing nations continue to be the primary focus of foreign arms sales activity by weapons suppliers." The report shows how the US and Russia have dominated the arms trade to the developing world in recent years.
Developing nations are furious and say they will not sign on to an inequitable deal that they argue would limit their economic growth.
Japan is planning to unveil an aid plan that will boost its financial assistance to developing nations in their fight against global warming before a key U.N.
The UN Climate Change Conference in Copenhagen highlighted the divide between developed and developing nations in finding a global solution to climate change.

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