developing country

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Related to Less developed countries: Less economically developed countries

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.
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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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Working Paper | Are less developed countries more exposed to multinational lax avoidance?
Following the example of China, India and Brazil, it is essential for less developed countries to boost the use of information and communication technology, promote electronic data interchange and single window facilities for submission and processing of information and documents.
These foreign companies environmentally harm the economies of less developed countries by polluting through noise, smoke, gas and industrial waste discharge and they don't adopt pollution control measures.
Pakistan, May 16 -- The Basel Convention on the Control of Trans-boundary Movements of Hazardous Wastes and their Disposal is an international treaty designed to reduce the movement of hazardous waste between nations, specifically to prevent its transfer from developed to less developed countries. Whether used electronic equipment for repair or refurbishment is considered hazardous waste and other such questions regarding import and export controls were discussed by the Parties to the Convention.
They stress that the simple compartmentalization of the HIV epidemic into one that affects MSM in industrialized countries and is a heterosexual epidemic in developing or less developed countries is not valid.
Hussein al-Jaza'iry a number of related issues to swine flu (H1N1) in Yemen.<p>The meeting reviewed procedures taken in this regard and the role of the Organization in supporting Yemen to face this epidemic through vaccination within Organization's international support for this flu for the less developed countries.
"The only way to practically deploy a system to the people of less developed countries is for it to be inexpensive and simple."
Rudra claims that those welfare systems that do exist in less developed countries are so diverse that globalization's effects should be regarded as difficult to generalize.
When he was eventually kicked upstairs he left behind public borrowing at a level that has caused more international concern than the public borrowing associated with previously less developed countries and he also left behind healthcare, education, transport and other systems that stand at a lower relative point in the world than when he started.
The index was carried out in three categories - More Developed Countries, Less Developed Countries and Least Developed Countries.
These estimates are lower than those typically cited, and prevalence was found to be remarkably similar between more and less developed countries. One possibility is that countries most affected by factors that reduce fertility, such as treatable sexually transmitted infections (STIs), were not sampled.
In less developed countries with poor economic foundations, they are critical.