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 ?
Many of the NBS staff developing FIPS also developed testing methodologies and tests for the software that implemented the complex technical specifications in many of the FIPS.
Another vital commitment companies must make is to set up intern programs, which are critical to developing a highly trained workforce with real life experience, while enhancing recruiting efforts.
The third thrust includes projects that proactively and creatively address environmentally responsible manufacturing on several levels, The approach is to adapt the best available technology while developing innovative processes and materials technology.
The Trust articulates its core mission as seeking to "educate, train and empower records professionals in developing countries to establish effective records management systems, and to develop and deliver records management projects aimed at institutional strengthening, educational development and practical research.
BASF is also developing a new soft grade that reportedly eliminates the risk of stress cracking.
On a global basis, portfolio investments in developing countries amounted to about $250 billion as of the end of 1994 (table 1).
Therefore, project staff are developing their own approach to cost benefit analysis through review of previous service delivery and outcome data and restructuring of methods for capturing and analyzing data currently generated on service delivery and outcomes.
This initiative seeks to train academics, health professionals, and researchers from developing countries in culturally relevant bioethics related to research.
4), as were the risks of developing the two most common types of ovarian tumors, serous (1.
Similarly, Singer declares that while the prosperous G8 nations may be able to deal with global warming "without enormous loss of life," the developing world will not.
ICPAC identified a few topics that it thought such a forum could usefully address, including developing consensus on best practices in merger review; improving international enforcement cooperation against illegal cartels and market-blocking private and governmental restraints; considering principles for extraterritorial jurisdiction and protocols in the event of clashes between nations; examining frontier subjects that are quintessentially global, such as e-commerce and transnational cartel arrangements; establishing an information center that serves as a repository of information regarding competition laws, policies, and practices around the world; and supporting technical assistance on capacity building in developing nations.
This need for accountability also applies in the developing world where a restructuring of public services is demanded by donor and lending agencies.

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