less developed 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.

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 ?
In lesser-developed countries there is less infrastructure for clean water, effective sewage, and public health.
Curiously, the name-changing exercises seem largely to be confined to the lesser-developed countries.
However, when the World Bank, IMF, and the other Multilateral Development Banks talk about increasing "private investment" in lesser-developed countries, they are not talking about letting the free market work; they are talking about "central planning" and "central guidance" of capital flows, with the politically connected insider commercial banks and corporations receiving special incentives, subsidies, contracts, and bailouts, i.
As a global partner, we can count on support from Lufthansa in new or lesser-developed countries to offer a more dedicated account structure and allow for on-time pricing opportunities.
No major trend has yet developed of companies outsourcing clinical or commercial manufacturing to lesser-developed countries.
Reentry and transition programs, and the entire management of involuntary migration demand bilateral cooperation so that best practices for reentry and transition can be modeled in the lesser-developed countries to which immigrant ex-offenders are being returned.
However, immense political power and wealth have resulted in the need for the United States to devote a significant amount of its resources toward the assistance and development of those lesser-developed countries throughout the world.
As part of his efforts to turn his country into a leading voice in the international campaign against global climate change, Calderon has worked behind the scenes to gain support for a "Green Fund" to help finance anti-pollution projects in lesser-developed countries (see SourceMex, 2009-12-16).
Transnational corporations are leveraging their power to outsource jobs or to relocate to lesser-developed countries to pay lower wages and to pay fewer taxes.
In addition, he is planning to expand into some lesser-developed countries, including Cambodia where we spent several days.
And second, the One Laptop per Child (OLPC) project at MIT's Media Laboratory was designed especially for children in lesser-developed countries.