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 ?
The developing world lacked the proper energy infrastructure and could easily develop renewable energy sources by adopting latest technologies, he said.
Women in the developing world have an opportunity as they overcome the cultural and traditional barriers that inhibit them to step back and consider if the Western experience is progress worth emulating or a sociological pratfall worth sidestepping somehow.
Anybody who buys this sequence of probabilities is "knowledge-proof" about the political reality in the developing world. There maybe such buyers of snake oil in rich countries, but developing country practitioners know better.
In the 1960s and 1970s 'world shops' opened in many developed countries, selling crafts from the developing world. Parallel with this a 'solidarity market' developed, which gave the politically conscious consumer the chance to support the Sandinistas, for instance, by buying Nicaraguan coffee.
issuing credit cards or personal loans to people who are a high risk not to pay their balance] represent one of the most profitable niches." And as markets in the developed world became saturated, debt issuers turned to the developing world to keep their profits rolling in.
Environmentalists claim trade harms the environment and further impoverishes people in the developing world. They were outraged by the dominance of trade issues at the summit.
The challenges for rural youth in the least transformed countries are extremely daunting, yet these nations account for only about 20pc of the developing world's rural youth population.
The inefficient use of incoming aid by leaders within the developing world is one problem.
"These scientists are living proof that, if given the opportunities and support, women all over the developing world can become leaders in their field.
"We are highly honored and delighted to become the first rotavirus vaccine from the developing world and India to be WHO Prequalified.
Therefore, he said "it is absolutely crucial that humanitarian appeals are fully funded and that international solidarity is expressed in relation to refugees, not forgetting that 80 percent of the world's refugees live in the developing world." Fourth, he appealed to countries in the developed world to be able to express a much stronger solidarity to countries of first asylum in the global South; those that host 80 percent of the world's refugees, and sometimes with a dramatic impact on their economy, on their society, not to mention the impact on their security with the conflict next door.

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