A developing nation has a low degree of industrial and/or economic development, which leads directly or indirectly to social, political, economic, and environmental difficulties that considerably impair the quality of life in that country. Those classed as developing are less industrially advanced than countries classified as high-income or developed. Developing countries are often referred to […]
Compared to other countries, those considered developed have more sophisticated economies and infrastructures. Political stability, GDP, industrialization, social welfare programs, infrastructure, and the freedoms its population enjoys are indicators of a developed nation. The term developing country is used to describe nations on the path to modernization but yet in its early stages. The UN
According to the United Nations, LDCs are nations with low per capita income that are struggling to build an economically stable and self-sufficient future. Currently, there are 46 LDCs, the most majority of which are found in Africa, with a few others in South America and Asia/Oceania. Least developed countries and the Human Development Index
The term underdeveloped country refers to a country with a lower level of economic development than other countries. Underdeveloped country is an unofficial term. However, the United Nations classifies 46 countries as least-developed as of 2021. World Bank refers to low-income nations as low-income countries, whereas other organizations refer to them as emerging markets, newly