developing country

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Related to Underdeveloped nations: Developing nations

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 ?
20) Whatever he has exposed, Perkins' internal struggle between "the good life" and his own guilt over hurting the impoverished citizens of underdeveloped nations permeates his tale.
Nowhere has its impact been felt more brutally than on children in the underdeveloped nations.
As the Cold War thermonuclear powers stepped back from the brink of the Cuban Missile Crisis, President Kennedy's administration sought to counter Soviet-supported wars of national liberation being waged throughout former European colonies and underdeveloped nations.
Unfortunately, virtually no country has avoided these practices, and industrialized as well as underdeveloped nations alike must share the blame for such abuses.
She argues that poverty, general hopelessness, and lack of opportunities in such failed states swell the ranks of the malcontents in underdeveloped nations who become willing tools in the hands of religious fundamentalists by finding hope in living in the now and hereafter.
Wallis added: "It would be insulting to say this dismal, grimy bus station resembles an airport terminal in one of the least developed of the developing nations, but only to said underdeveloped nations.
Time claims that China and India can help save the world, or destroy it--though admitting that these underdeveloped nations want the United States to carry the major burden.
Regional combatant commanders must anticipate a future in which more businesses find competitive arenas in underdeveloped nations and seek to cultivate their partnership in defeating terror.
Worldwide, especially in underdeveloped nations, rabies takes a large human toll: more than 60,000 deaths a year.
The negotiations for the World Trade Organization on this point began in Doha, Qatar, in 2001, but have not yet led to any major agreements that will allow the farmers of underdeveloped nations to sell their farm products in the richer nations.
Starting in the 1930s, Akamatsu introduced three patterns of the "flying geese" model of industrial upgrading, first with the fundamental "importing to domestic production to exporting" variant, followed by consumer goods leading to capital goods (in which the crude and simple are succeeded by the complex and refined) and finally resulting in underdeveloped nations aligning behind the industrial nations in the order of their different stages of growth, as in the flying pattern of wild geese.
In many ways, the need for energy and the response to that need may presage future conflicts over a potentially scarce resource, as many economically underdeveloped nations attempt to create modern economies.