Less-developed countries

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Less-developed countries (LDCs)

Also known as emerging markets. Countries who's per capita GDP is below a World Bank-determined level.

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.
References in periodicals archive ?
How very sad therefore to learn that her future, at worst, is conversion to razor blades and at best, sale to a less-developed country for further service.
A new competitive threat may not be in your own backyard but in a less-developed country.
In the second part of the study, a separate regression is run for each less-developed country.