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 ?
2017] has deprived Pakistan of a most devoted and dedicated medical practitioner who devoted her life to the eradication of the dread disease of leprosy that is the scourge of under-developed countries.
They explained nearly 80% of these preventable deaths belong to under-developed countries.
The mobile friendly website serves social and economic empowerment goals of spreading the news about how affordable solar power has become in Africa; that electricity from solar energy currently costs less than the kerosene and gasoline powered generators in widespread use in Africa; how the implementation of solar power can help promote access to medical care, social empowerment and development, educational opportunity, and political power in the under-developed countries in Africa.
It has been the leading giver in a region that is surrounded by a host of beneficiaries and donation recipients and is among the few highly-developed countries that provide financial, technical, educational and capacity-building support to developing and under-developed countries on a consistent basis.
She urged development partners to assume their responsibilities and provide aid to the under-developed countries.
The agenda of this meeting includes summary of the world's economic and financial situation, changes in financial and monetary policies of developed, emerging, developing and under-developed countries.
Under-developed countries would flourish in such a free market and their workforce would no longer need to migrate to Europe to find work to feed their starving families.
The honour is a source of happiness for her, her family and people as it came as a coronation of her march through the UN programme to boost co-operation in sustainable development, especially in under-developed countries, she said.
She added the honour was a source of happiness for her, her family and people as the award came as a coronation of her march through the UN-Habitat programme to boost cooperation in sustainable development, especially in under-developed countries.
This has allowed the fund to be viable in the long term and continue to weigh in leading world affairs, especially in emerging and under-developed countries.
In under-developed countries mums and dads go without food to pay for their kids' schooling.
Stating that in under-developed countries despite high population growth, low purchase power decreases car demand, he said in developing countries "we have positive population growth and economic development has made it possible to have cars and so the rational direction for car industry investment will be toward these countries.