Less-developed countries

(redirected from less-developed country)

Less-developed countries (LDCs)

Also known as emerging markets. Countries who's per capita GDP is below a World Bank-determined level.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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. Results show that the female labor force participation rate has a significantly positive effect on child educational attainment in six of the 13 counties (Egypt, Guatemala, Indonesia, Kenya, Sri Lanka, and Tunisia).
Green side accords usually impose the environmental standards of the country with the higher standards (usually the more developed country) on the country with the lower standards (usually the less-developed country).
And how have the Argentinians, once with a per capita income seventh highest in the world, fallen to the impoverished status of "less-developed country"?