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

or

less developed country

or

underdeveloped country

or

emerging country

or

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 ?
Meanwhile, developed countries continue to ply cigarettes and alcohol to underdeveloped nations.
Yet, compared to underdeveloped nations, asset values remain high in BRIC countries, making it hard to find good deals while other emerging markets are loosening restrictions and welcoming foreign investments.
Cabinets that take so long to assemble are the hallmark of underdeveloped nations whose constitutional requirements are little more than decoration; the whiff of democracy something to be clung to rather than acted upon.
"If we're able to bring energy sources to these underdeveloped nations, then we will create real change and improve lives."
Eight out of every 10 underdeveloped nations belong to the Muslim world," Karzai said, adding that specifically the children in the Muslim countries grew up in poor families without access to opportunities for education.
In fact, both China and India are still trying to argue the unfairness of being targeted on totals while their per capita numbers are even below those of many poor and underdeveloped nations.
He has since been greatly involved in the NBA's 'Basketball Without Borders' programme under the 'NBA Cares' initiative, which aims to teach the game and bring resources to underdeveloped nations across the globe.
The second phase begins in the mid-1960s, in a world characterized by the global hegemony of the United States, a Catholic Church transformed by the Second Vatican Council, and the mantra of "development" as the recipe for addressing the plights of the so-called underdeveloped nations. Piwowarczyk aptly lays out the different actors and agents in the disputed field of Indigenism.
Each of these global issues addressed in detail about Cuba provides excellent opportunities for classroom discussion and comparison of Cuba's situation to that of other former colonies and underdeveloped nations.
Oxfam's Unwrapped campaign gives people a chance to buy from a huge range of affordable presents which will help people in underdeveloped nations around the world.
Retention seemed to be a recurring theme, as well as salaries in underdeveloped nations. There was also the issue of dealing with national disasters and nursing in unexpected circumstances.
Nowhere has its impact been felt more brutally than on children in the underdeveloped nations. Slaveholders prey on the defenseless, and children so easily become vulnerable.