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 ?
He said that this system was worth emulating for other under-developed countries.
KFAED had provided around USD 18 billion in loans to help several developed and under-developed countries, said the official.
The disease is most common in children and young adults living in under-developed countries and is responsible for about 233,000 deaths annually.
cooperatives have been involved in economic development in under-developed countries for more than 60 years.
New sales aren't closing until the first quarter of 2016, but an entity that provides wheelchairs to under-developed countries and was based just in Midtown is opting to take advantage of the new ownership opportunity.
In many under-developed countries, the cultivators of the soil are exploited mercilessly by a landlord class, which perform no useful social function.
The nature of threats facing the world requires all parties to respond and develop a future vision to enhance urban development according to more equitable standards from which poor and under-developed countries can benefit.
He added that the nature of the threats facing the world required all parties of the International Community to respond dynamically and develop a future vision aiming to enhance urban development according to more equitable standards from which poor and under-developed countries can benefit.
Modi also called upon the international community to take steps to provide clean technology to developing and under-developed countries at affordable prices, the release said.
WHILE I do not consider myself to be an uncaring person when faced with the suffering of others, one thing springs to mind when I see TV appeals to ease the plight of those in under-developed countries.
He currently manages a Foods Resource Bank project raising funds for sustainable agricultural projects in under-developed countries.
A part of the proceeds of this event were donated to a charitable foundation that provides educational support to improve the future of children in under-developed countries.